Question: 14. [-16.25 Points] DETAILS BBBASICSTATBACC 8.1.018.M|. MY NOTES ASK YOUR TEACHER What price do farmers get for their watermelon crops? In the third week of
![14. [-16.25 Points] DETAILS BBBASICSTATBACC 8.1.018.M|. MY NOTES ASK YOUR TEACHER](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667421ee41545_894667421ee2390d.jpg)

14. [-16.25 Points] DETAILS BBBASICSTATBACC 8.1.018.M|. MY NOTES ASK YOUR TEACHER What price do farmers get for their watermelon crops? In the third week of July, a random sample of 45 farming regions gave a sample mean of = $6.83 per 100 pounds of watermelon. Assume that o- is known to be $2.00 per 100 pounds. (a) Find a 90% condence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop (in dollars). What is the margin of error (in dollars}? {For each answer, enter a number. Round your answers to two decimal places.) lower limit 95 upper limit $ margin of error $ (b) Find the sample size necessary for a 90% confidence level with maximal error of estimate E = 0.25 for the mean price per 100 pounds of watermelon. (Enter a number. Round up to the nearest whole number.) :] farming regions (c) A farm brings 15 tons of watermelon to market. Find a 90% confidence interval for the population mean cash value of this crop (in dollars). What is the margin of error (in dollars)? Hint: 1 ton is 2000 pounds. (For each answer, enter a number. Round your answers to two decimal places.) lower limit $ upper limit $ margin of error $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
