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fredd [130]
3 years ago
7

Identify three raw products the farm in the following scenario could produce and sell, and describe two ways to create value for

the products identified.
Situation: The newly purchased farm is located on a 250-acre plot of land filled with grass, shade, trees, and wild flowers, and it has a fresh water spring running through the middle of the property. The land is located on the outskirts of a small town, so there is virtually no contamination by pollution. Chickens, cows, and honeybees will be raised.
Advanced Placement (AP)
1 answer:
hoa [83]3 years ago
6 0

Answer:

The three products that the farm can produce and sell are -

a) Honey

b) Milk

c) Egg and Chicken

Two ways of value addition

a) Food processing

b) Packaging and labelling

Explanation:

The three products that the farm can produce and sell are -

a) Honey

b) Milk

c) Egg and Chicken

The two ways by which value can be added to these product is

a) Labelling and packaging - Labelling and packaging the milk, honey and egg can add value to the product and can fetch good some of money

b) Processing the food item - Milk can be processed to produce cheese, curd etc. Price of processed food is much higher than that of non processed food.

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<h3>What is probability? </h3>

Probability can be defined as the likelihood of an event to occur. In statistics, the mean of the sample distribution typically shows the probability of the population.

From the parameters given:

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\mathbf{( \hat P \leq 0.582) = 0.00198}

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