Confidence interval for population mean cash value of crop

Assignment Help Basic Statistics
Reference no: EM13131438

What price do farmers get for their watermelon crops? In the third week of July, a random sample of 35 farming regions gave a sample mean of x = $6.88 per 100 pounds of watermelon. Assume that σ is known to be $1.96 per 100 pounds.

A farm brings 15 tons of watermelon to market. Find a 90% 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 two decimal places.)

lower limit
upper limit
margin of error

Reference no: EM13131438

Questions Cloud

What is the ph of a solution : What is the pH of a solution that is 0.75 M in sodium acetate and 0.50M in acetic acid? (Ka for acetic acid is 1.85 x 10-5).
Binomial coefficients and nonnegative integers : Prove the identity (n~r) (r~k) = (n~k) ((n-k)~(r-k)), whenever n, r, and k are nonnegative integers with r less than/equal to n and k less than/equal to r:
What mass of nitrogen is obtained : Gas ammonia can be decomposed to give 3.00 by mass of hydrogen and 14.0 by mass of nitrogen.what mass of nitrogen is obtained.
Triethylamine and water explain the measurement of the ph : What is the pH of 10 drops of triethylamine in a dropperful of demineralized water? How does the reaction between triethylamine and water explain the measurement of the pH?
Confidence interval for population mean cash value of crop : A farm brings 15 tons of watermelon to market. Find a 90% confidence interval for the population mean cash value of this crop. What is the margin of error?
Determining squarefree numbers : An integer is called squarefree if it is not divisible by the square of a positive integer greater than 1. Find the number of squarefree positive integers less than 100.
How much income must sue report if she elects the annuity : How much income must Sue report if she elects the annuity? C) How much income wouls Sue have to report if her nursing home bills amounted to only $36,000 per year?
James loewen book : Why did James Loewen write this book and what did he feel about history thats being taught
The topic : Why do you think that your topic is important to discuss? What is your reason for choosing the topic? What do you already know about this topic?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Application of poisson distribution

During the period of time phone-in reservations are being taken at a local university, calls come in at a rate of one every ten minutes.

  Hypothesis testing- goodness of fit

A table showing the season in which the first 36 U.S. presidents died. Research question: At alpha=0.10, Can you reject the hypothesis that presidents' deaths are uniformly distributed by season?

  Sampling and subjective probability

What are some conditions under which business decisions are made using subjective probability concepts? Could you please cite two examples of subjective probability.

  Write different kind of reliability and validity

Write down the difference between reliability and validity? Write down the different kind of reliability and validity. What kind of reliability and validity would you seek in assessing employee performance?

  Estimation of standard error

Compute the standard error of estimate, and interpret its meaning.

  How many lunch receipts must company sample

True mean when using a confidence interval of 95%. The standard deviation is estimated at $25. How many lunch receipts must they sample?

  Hypothesis testing of sports-shoe manufacturer

Test the following hypotheses using the Traditional Method. You must show all the steps involved and the final statement must be phrased appropriately for the problem.

  Find expected value of the amount won for one entry

$600 (1 chance in 4800); $200 (1 chance in 2500). Find the expected value of the amount won for one entry if the cost of entering is 52 cents.

  Compare the two forecasts by utilizing mad

Calculate a 3-month moving average forecast for months 4 through 9 also Compare the two forecasts by utilizing MAD. Which forecast appears to be more accurate.

  Completing electronics test having uniform distribution

The time it takes a student to finish a electronics test has a uniform distribution between 50 and 70 minutes.

  Prepare a brief conclusion statement

Comparison of paired and unpaired samples test -  Prepare a brief conclusion statement summarizing your results. What can you tell this MHMR about client satisfaction? What could you suggest they do to improve?

  Modifying the oil price under current economic conditions

The director of Heating and Oil at Mitchell Brothers Company is concerned about the high cost of home heating oil being offered to their customers for the upcoming Fall season in Boston, MA. The company has no possibility of modifying the oil pri..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd