Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed
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 mean of x = $6.88 per 10! pounds of watermelon. Assume that o" is known to be $1.94 per 100 pounds. {a} 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 1: upper limit it margin of error 1' (b) Find the sample size necessary for a 90% condence level with maximal error of estimate E = 0.39 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 as upper limit $ margin oferror $

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

Geometry From Euclid To Knots

Authors: Saul Stahl

1st Edition

0486134989, 9780486134987

More Books

Students also viewed these Mathematics questions