Question

There are three uncertain (random) variables in this problem. Choose the variables that should represent uncertainty in this model.

a. Yield
b. Initial Research and Development Cost
c. Pre-Orders Picked up
d. What type of fruit to grow
e. Pre-Orders Placed
f. Salvage Price

Answer 1

a. Yield

c. Pre-Order picked up

e. Pre-Orders placed.

Explanation:

Uncertain random variables are those over which the farmer has no control. These variables are uncontrollable and there can be no prediction for it. The farmer has no control over the yield produced. He can choose what type of fruits to grow and input method but he has no control over output generated.