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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 limitupper limitmargin of error
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.
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?
What are some conditions under which business decisions are made using subjective probability concepts? Could you please cite two examples of subjective probability.
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?
Compute the standard error of estimate, and interpret its meaning.
True mean when using a confidence interval of 95%. The standard deviation is estimated at $25. How many lunch receipts must they sample?
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.
$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.
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.
The time it takes a student to finish a electronics test has a uniform distribution between 50 and 70 minutes.
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?
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..
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