A model that describes the population of a fishery in which harvesting takes place at a constant rate is given by dP dt = kP − h

1) 4.55

2) Short hit

Step-by-step explanation:

1)

The score and corresponding probabilities are shown in the following table:

Score 3 4 5 6 7

Probability 0.15 0.40 0.25 0.15 0.05

Let us define

X = Miguel's score on the Water Hole

The expected value of the variable X can be represented as:

where

represents the different possible outcomes of X

denotes the associated probabilities

Accordingly, the expected value of Miguel's score is calculated as follows:

2)

Here, we will again consider:

X = Miguel's score on the Water Hole

In this case:

- For a successful long hit, the expected value of X is

- Conversely, if the long hit isn't successful, the expected value of X becomes

We also know that the likelihood of succeeding with a long hit is

Consequently, the chance of failure in a long hit is

Thus, the expected value of X when opting for the long hit strategy is:

In the first part of this question, we calculated the expected value using the short hit strategy, yielding:

Given that the expected value for X is smaller (which is better) when utilizing the short hit option, we can conclude that this approach is superior.