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You have been growing two varieties of hybrid tomatoes (Better Boy & Beefsteak)
You have been growing two varieties of hybrid tomatoes (Better Boy & Beefsteak) in your small backyard garden for the last ten years and have recorded the total crop yield for each year in the data set called Crop Yield. Over the last couple of years, your neighbors and friends have been requesting more and more tomatoes and are even saying they will pay you for them. Based on their requests and your family’s consumption (approximately 50 pounds per year), you estimate that you will need approximately 1200 pounds of tomatoes throughout the season to satisfy the demand and that you have room for up to 20 plants. Your family, however, would like you to use as little space as possible so that they can still use the yard.
You know that it is reasonably likely that you can accomplish this by growing all Beefsteak tomatoes, however, the Better Boy tomatoes are more popular (about 3 people out of 4 prefer the Better Boy tomatoes) and you worry that growing all Beefsteaks will mean that you cannot sell them all.
Develop a plan for producing 1200 pounds of tomatoes and estimate how much money you will bring in (revenue). Decide if it is worth it to follow through with this plan.
Apply your model to the following scenarios:
· The suppliers for the local grocery stores have been providing a surplus of Better Boy tomatoes and the stores have reduced their prices by 50%, thus your customers can find a better deal at the store.
· A neighbor has decided to begin making salsa to sell at the farmer’s market. She wishes to purchase an additional 250 pounds of tomatoes.
Some math concepts you may wish to review prior to attempting this problem:
· Average
· Unit Rates
· Proportions & Percentages
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