Question
What price do farmers get for their watermelon crops? In the third week of July, a random sample of 41 farming regions gave a sample
Find a 90% confidence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop (in dollars). What is the margin of error (in dollars)? (For each answer, enter a number. Round your answers to two decimal places.)
lower limit $
upper limit $
margin of error $
(b)
Find the sample size necessary for a 90% confidence level with maximal error of estimate E = 0.43 for the mean price per 100 pounds of watermelon. (Enter a number. Round up to the nearest whole number.)
farming regions
(c)
A farm brings 15 tons of watermelon to market. Find a 90% confidence interval for the population mean cash value of this crop (in dollars). What is the margin of error (in dollars)? Hint: 1 ton is 2000 pounds. (For each answer, enter a number. Round your answers to two decimal places.)
lower limit $
upper limit $
margin of error $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started