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
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 ; = $6.88 per 100 pounds of watermelon. Assume that a is known to be $2.00 per 100 pounds. (a) Find a 90% condence 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% condence level with maximal error of estimate E = 0.33 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% condence interval for the population mean cash value of this crop (in dollars). What is the margin of error (in dollars)? Hint: 1 tan 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_2

Step: 3

blur-text-image_3

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

Wavelet Based Approximation Schemes For Singular Integral Equations

Authors: Madan Mohan Panja, Birendra Nath Mandal

1st Edition

0429534280, 9780429534287

More Books

Students also viewed these Mathematics questions

Question

What did Rogers mean by unconditional positive regard?

Answered: 1 week ago

Question

Describe voluntary benefits.

Answered: 1 week ago

Question

Describe the major job evaluation systems.

Answered: 1 week ago