What price do farmers get for their watermelon crops? In the third week of July, a random sample of 40 farming regions gave a sample mean of x = $6.52 per 100 pounds of watermelon. Assume that a is known to be $2.00 per 100 pounds. (a) Find a 88% confidence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop. What is the margin of error? (Round your answers to two decimal places.) lower limit upper limit $ margin of error $ $ (b) Find the minimal sample size necessary for a 88% confidence level with maximal error of estimate E= 0.33 for the mean price per 100 pounds of watermelon. (Round your answer to a whole number.) farming regions (c) A farm brings 15 tons of watermelon to market. Find a 88% confidence interval for the population mean cash value of this crop. What is the margin of error? Hint: 1 ton is 2000 pounds. (Round your answers to the nearest dollar.) lower limit $ upper limit margin of error $

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
What price do farmers get for their watermelon crops? In the third week of July, a random sample of 40 farming regions gave a sample mean of x = $6.52 per 100 pounds of watermelon. Assume that o is
known to be $2.00 per 100 pounds.
(a) Find a 88% confidence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop. What is the margin of error? (Round your answers to two
decimal places.)
lower limit
upper limit
margin of error
LA
A
LA
(b) Find the minimal sample size necessary for a 88% confidence level with maximal error of estimate E = 0.33 for the mean price per 100 pounds of watermelon. (Round your answer to a whole
number.)
farming regions
(c) A farm brings 15 tons of watermelon to market. Find a 88% confidence interval for the population mean cash value of this crop. What is the margin of error? Hint: 1 ton is 2000 pounds. (Round
your answers to the nearest dollar.)
lower limit
upper limit
margin of error
LA
पण पण
Transcribed Image Text:What price do farmers get for their watermelon crops? In the third week of July, a random sample of 40 farming regions gave a sample mean of x = $6.52 per 100 pounds of watermelon. Assume that o is known to be $2.00 per 100 pounds. (a) Find a 88% confidence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop. What is the margin of error? (Round your answers to two decimal places.) lower limit upper limit margin of error LA A LA (b) Find the minimal sample size necessary for a 88% confidence level with maximal error of estimate E = 0.33 for the mean price per 100 pounds of watermelon. (Round your answer to a whole number.) farming regions (c) A farm brings 15 tons of watermelon to market. Find a 88% confidence interval for the population mean cash value of this crop. What is the margin of error? Hint: 1 ton is 2000 pounds. (Round your answers to the nearest dollar.) lower limit upper limit margin of error LA पण पण
Expert Solution
steps

Step by step

Solved in 7 steps with 19 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman