You have been hired as a consultant to provide information to a farmer that is considering buying land for corn production in either Bell, Hale, or Lamar County. Provide the farmer with information on mean yields and if they statistically differ. Assume unequal variances per lecture. Sub-questions 5.1 What are the null and alternative hypotheses? 5.2 What is your inference from the tests? Do you fail to reject or reject the null hypothesis? 5.4 Why do the degrees of freedom vary between the different t-tests? 5.5 Place a picture of your tests below. 5.6 Are the above tests enough information to decide in which county to buy land? Why or why not? Year Hale Bell Falls Dallam Champaign Sherman Lamar 2023 119 102.3 218.2 194.5 127.4 115.9 43.4 2022 114.3 59.2 219.1 173.6 128.7 73.4 64.3 2021 143.3 109.1 222.4 209.6 149.3 94.3 80.3 2020 141.7 94.2 192.7 205 200.7 87.7 105.9 2018 139.7 105.8 180.8 198.8 176.9 107.1 73.8 2017 178.7 56.4 221.3 179.1 207.6 62.1 129.4 2016 137.6 103.5 206.8 220.9 198.4 73.5 80 2015 147.8 60.6 210.2 220.8 213.7 118 64.9 2014 184.4 63.2 189.4 219.4 223.7 94.8 112.8 2013 182.2 113.2 216.5 212.3 178 94.9 133.2 2012 172.6 94.6 168.1 206.5 120 45.4 115 2011 129.9 81.2 108.9 199.1 205.1 86.2 78.6 2010 191.8 33 164.1 129 198.6 57 72 2009 172.6 79.6 169.5 222.8 175 69 52.1 2008 166 52.5 190 206.9 197 92 93 2007 195 63 176 208 182 85 146 2006 149 87 188 221 177.5 71.1 72 2005 178.8 83 180 198 221.9 98.7 63.5 2004 190.3 64 164 195.4 194.7 91.5 118.4 2003 168.5 91.6 181 205.3 196.1 97.6 114.4 2002 177.7 70.1 185 199.9 189.3 74.3 57.1 2001 142.3 68.9 142 202.6 166.2 85.5 112.3 2000 159.5 74.5 153 168.1 187.9 84 96.6
You have been hired as a consultant to provide information to a farmer that is considering buying land for corn production in either Bell, Hale, or Lamar County. Provide the farmer with information on mean yields and if they statistically differ. Assume unequal variances per lecture. Sub-questions 5.1 What are the null and alternative hypotheses? 5.2 What is your inference from the tests? Do you fail to reject or reject the null hypothesis? 5.4 Why do the degrees of freedom vary between the different t-tests? 5.5 Place a picture of your tests below. 5.6 Are the above tests enough information to decide in which county to buy land? Why or why not? Year Hale Bell Falls Dallam Champaign Sherman Lamar 2023 119 102.3 218.2 194.5 127.4 115.9 43.4 2022 114.3 59.2 219.1 173.6 128.7 73.4 64.3 2021 143.3 109.1 222.4 209.6 149.3 94.3 80.3 2020 141.7 94.2 192.7 205 200.7 87.7 105.9 2018 139.7 105.8 180.8 198.8 176.9 107.1 73.8 2017 178.7 56.4 221.3 179.1 207.6 62.1 129.4 2016 137.6 103.5 206.8 220.9 198.4 73.5 80 2015 147.8 60.6 210.2 220.8 213.7 118 64.9 2014 184.4 63.2 189.4 219.4 223.7 94.8 112.8 2013 182.2 113.2 216.5 212.3 178 94.9 133.2 2012 172.6 94.6 168.1 206.5 120 45.4 115 2011 129.9 81.2 108.9 199.1 205.1 86.2 78.6 2010 191.8 33 164.1 129 198.6 57 72 2009 172.6 79.6 169.5 222.8 175 69 52.1 2008 166 52.5 190 206.9 197 92 93 2007 195 63 176 208 182 85 146 2006 149 87 188 221 177.5 71.1 72 2005 178.8 83 180 198 221.9 98.7 63.5 2004 190.3 64 164 195.4 194.7 91.5 118.4 2003 168.5 91.6 181 205.3 196.1 97.6 114.4 2002 177.7 70.1 185 199.9 189.3 74.3 57.1 2001 142.3 68.9 142 202.6 166.2 85.5 112.3 2000 159.5 74.5 153 168.1 187.9 84 96.6
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.12P
Related questions
Question
not use ai please
Transcribed Image Text:You have been hired as a consultant to provide information to a farmer that is considering buying
land for corn production in either Bell, Hale, or Lamar County. Provide the farmer with
information on mean yields and if they statistically differ. Assume unequal variances per lecture.
Sub-questions
5.1 What are the null and alternative hypotheses?
5.2 What is your inference from the tests? Do you fail to reject or reject the null
hypothesis?
5.4 Why do the degrees of freedom vary between the different t-tests?
5.5 Place a picture of your tests below.
5.6 Are the above tests enough information to decide in which county to buy land? Why or
why not?
Transcribed Image Text:Year
Hale
Bell
Falls
Dallam
Champaign Sherman
Lamar
2023
119
102.3
218.2
194.5
127.4
115.9
43.4
2022
114.3
59.2
219.1
173.6
128.7
73.4
64.3
2021
143.3
109.1
222.4
209.6
149.3
94.3
80.3
2020
141.7
94.2
192.7
205
200.7
87.7
105.9
2018
139.7
105.8
180.8
198.8
176.9
107.1
73.8
2017
178.7
56.4
221.3
179.1
207.6
62.1
129.4
2016
137.6
103.5
206.8
220.9
198.4
73.5
80
2015
147.8
60.6
210.2
220.8
213.7
118
64.9
2014
184.4
63.2
189.4
219.4
223.7
94.8
112.8
2013
182.2
113.2
216.5
212.3
178
94.9
133.2
2012
172.6
94.6
168.1
206.5
120
45.4
115
2011
129.9
81.2
108.9
199.1
205.1
86.2
78.6
2010
191.8
33
164.1
129
198.6
57
72
2009
172.6
79.6
169.5
222.8
175
69
52.1
2008
166
52.5
190
206.9
197
92
93
2007
195
63
176
208
182
85
146
2006
149
87
188
221
177.5
71.1
72
2005
178.8
83
180
198
221.9
98.7
63.5
2004
190.3
64
164
195.4
194.7
91.5
118.4
2003
168.5
91.6
181
205.3
196.1
97.6
114.4
2002
177.7
70.1
185
199.9
189.3
74.3
57.1
2001
142.3
68.9
142
202.6
166.2
85.5
112.3
2000
159.5
74.5
153
168.1
187.9
84
96.6
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