Statistical Techniques

Section A AgriYield Corp is analyzing the relationship between the amount of specialized fertilizer applied (x) and the resulting crop yield (y). The correlation coefficient (r) is calculated as +0.85. Which of the following statements is the most accurate interpretation of this result?

Section A Titan Heavy Industries is considering launching a new industrial crane. The project has a 40% probability of generating a profit of $2,000,000, a 35% probability of generating a profit of $500,000, and a 25% probability of resulting in a loss of $800,000. What is the expected value of the project?