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 of42farming regions gave a sample mean of=

What price do farmers get for their watermelon crops? In the third week of July, a random sample of42farming regions gave a sample mean of= $6.88per 100 pounds of watermelon. Assume thatis known to be$1.98per 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 $ upper limit $ margin of error $ (b) Find the sample size necessary for a 90% confidence level with maximal error of estimateE=0.27for 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

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

WebAssign For A First Course In Differential Equations With Modeling Applications

Authors: Dennis G Zill

11th Edition

1337879770, 9781337879774

More Books

Students also viewed these Mathematics questions

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago

Question

Pay him, do not wait until I sign

Answered: 1 week ago