The average farm size in the United States is 444 acres. A random sample of 40 farms
Question:
The average farm size in the United States is 444 acres. A random sample of 40 farms in Oregon indicated a mean size of 430 acres, and the population standard deviation is 52 acres. At α = 0.05, can it be concluded that the average farm in Oregon differs from the national mean? Use the P-value method.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (12 reviews)
H 0 444 H 1 444 z X n 430 444 52 40 170 The area corresponding to z 170 ...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Based on the data in the file P02_23.xlsx from the U.S. Department of Agriculture, explore the relationship between the number of farms (X) and the average size of a farm (Y) in the United States. a....
-
It appears that over the past 45 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture...
-
The average farm in the United States in 2004 contained 443 acres. The standard deviation is 42 acres. Use Chebyshevs theorem to find the minimum percentage of data values that will fall in the range...
-
State Newtons second law of motion. What are the limitations on the use of Newtons second law? Explain.
-
Devise a training program and a policy directed at increasing the physical fitness of your employees. Take a position on smoking, alcohol use, and other health related matters, and state whether you...
-
Calculating Annuities You have recently won the super jackpot in the Washington State Lottery. On reading the fine print, you discover that you have the following two options: a. You will receive 31...
-
Show that the CAPM holds with R Rz Rb.
-
Wilkowski Company sold $5,000,000, 8%, 20-year bonds on January 1, 2014. The bonds were dated January 1, 2014 and pay interest on January 1 and July 1. Wilkowski Company uses the straight-line method...
-
Starts Inc. using production levels of 62,000, 67,200, and 69,300 units produced. The following additional information is necessary to complete the budget. Prepare a flexible production budget for...
-
For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2% compounded quarterly. If ordinary annuity payments of $4750.00 per month are to be made out of...
-
A special cable has a breaking strength of 800 pounds. The standard deviation of the population is 12 pounds. A researcher selects a sample of 20 cables and finds that the average breaking strength...
-
Ten years ago, the average acreage of farms in a certain geographic region was 65 acres. The standard deviation of the population was 7 acres. A recent study consisting of 22 farms showed that the...
-
List seven questions the systems analyst should consider when assessing project priorities.
-
Among 450 randomly selected drivers in the 16 - 18 age bracket, 374 were in a car crash in the last year. If a driver in that age bracket is randomly selected, what is the approximate probability...
-
Construct a 90% confidence interval for the population standard deviation o at Bank A. Bank A 6.4 6.6 6.7 6.8 7.1 7.2 7.6 7.8 7.8 7.8
-
In 2002, after the accounting deceptions of the management of many multi-million dollar corporations (with Enron being the benchmark name of that time period), the Security and Exchange Commission...
-
1.Deduce the structure of a compound with molecular formula CsH100 that exhibits the following IR, H NMR, and 13C NMR spectra. Data from the mass spectrum are also provided. Mass Spec. Data relative...
-
Transcribed image text: Prots Caco.ch Part 2 Income Statement Med Earningstemet Tante Sheet For the event.com Competence ended The fram C an an dy wana A TO nede ANG ore.com wwwwww og for to...
-
What are some of the limitations of classifying aggressive acts with a hostile-instrumental dichotomy?
-
Suppose the government bond described in problem 1 above is held for five years and then the savings institution acquiring the bond decides to sell it at a price of $940. Can you figure out the...
-
What is the random variable? Two metal alloys are being considered as material for ball bearings. The mean melting point of the two alloys is to be compared. 15 pieces of each metal are being tested....
-
The following data show the yearly budgets for leading business sectors in the United States. At α = 0.05, is there a significant difference in the mean budgets of the business sectors?...
-
What are the two types of interactions that can occur in the two-way ANOVA?
-
The CO 2 emissions in metric tons for selected countries are shown for selected years. At α = 0.10, is there a difference in the means for the selected years? 1990 1980 2000 2010 291.2...
-
Each week you must submit an annotated bibliography. Entries of current events relating to the economic concepts and the impact on the company or the industry of your company. You must use acceptable...
-
Fluffy Toys Ltd produces stuffed toys and provided you with the following information for the month ended August 2020 Opening WIP Units 5,393 units Units Started and Completed 24,731 units Closing...
-
Part A Equipment 1,035,328 is incorrect Installation 44,672 is incorrect Anything boxed in red is incorrect sents 043/1 Question 9 View Policies Show Attempt History Current Attempt in Progress...
Study smarter with the SolutionInn App