Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3a. The potato farmers in Wilson County are concerned about possible crop damage due to the spotted beetle. Agricultural officials in the county have sampled

3a. The potato farmers in Wilson County are concerned about possible crop damage due to the spotted beetle. Agricultural officials in the county have sampled 25 different 1 acre lots at random and have determined from the sample an average of 3000 beetles per acre with a sample standard deviation of 780 beetles. The officials are going to construct a 95% confidence interval for the population mean.

(i) What assumption has to make in the construction of the 95% confidence interval? (6 marks)

(ii) Construct the 95% confidence interval for the population means. (10 marks)

b. The management of a university is considering raising tuition to improve school facilities, and the management wants to determine what percentage of students favoring the increase. The management needs to be 90% confident that the percentage has been estimated to within +/- 3% of the true value. How large a sample is needed to guarantee this accuracy regardless of the true percentage?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management

Authors: John Pearce , Richard Robinson

13th Edition

0078029295, 978-0078029295

More Books

Students also viewed these General Management questions