Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. what price do farmers get for their watermelon cro

What price do farmers get for their watermelon crops? In the third week of July, a...

50.1K

Verified Solution

Question

Basic Math

What price do farmers get for their watermelon crops? In thethird week of July, a random sample of 40 farming regions gave asample mean of x = $6.88 per 100 pounds of watermelon.Assume that σ is known to be $1.92 per 100 pounds.

(a) Find a 90% confidence interval for the population mean price(per 100 pounds) that farmers in this region get for theirwatermelon crop. What is the margin of error? (Round your answersto two decimal places.)

lower limit    $
upper limit    $
margin of error    $


(b) Find the sample size necessary for a 90% confidence level withmaximal error of estimate E = 0.43 for the mean price per100 pounds of watermelon. (Round up to the nearest wholenumber.)
farming regions

(c) A farm brings 15 tons of watermelon to market. Find a 90%confidence interval for the population mean cash value of thiscrop. What is the margin of error? Hint: 1 ton is 2000pounds. (Round your answers to two decimal places.)

lower limit    $
upper limit    $
margin of error    $

Answer & Explanation Solved by verified expert
4.1 Ratings (810 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

What is the absolute max / min value for the function f(x) = x sqrt 1...

Statistics
1.2K views

If a die is rolled 300 times, use the Chebyshev inequality to estimate the probability that the...

Medical Sciences
1.2K views

Explain the role of pressure gradients in the cardiac cycle. Your answer should state the relationship...

Accounting
1.2K views

According to the SEC, “[A]s part of the cover up, Peregrine personnel wrote off millions of...

Biology
1.2K views

Why is greater genetic diversity important for a species species is more likely to survive...

Basic Math
1.2K views

Consider the given set operation Let U 1 2 3 4 5 6 7 8...

Statistics
1.2K views

Experiment A hat contains slips of paper with the names of boys and girls in...

Accounting
1.2K views

ABC Company has set the following standards for one unit of product: Direct materials: 0.5...

Accounting
1.2K views

Current Attempt in Progress Vaughn Cole Inc. acquired the following assets in January of...

Accounting
1.2K views

Golf plc was opened on March 1 by Rana's company. The following selected events and...

Accounting
1.2K views

please answer! thank you The adjusted trial balance...

Accounting
1.2K views

Prepare and post transaction, adjusting, and closing entries; prepare adjusted trial balance; prepare financial statements....