Crop researchers are interested in the productivity of a new variety of corn. They randomly select 25 plots from the 500 plots on a large farm, plant seeds of the new variety on those plots, record the yield in bushels per acre, and find that a 95% confidence interval for the true mean yield is 118 to 130 bushels per acre.

1. interpret the confidence level

2. What is the point estimate from this sample?

3. What is the margin of error?

4. Now, interpret the confidence level.

5. Based on the research, a marketer tells a possible customer that with this new variety of corn they can expect to receive more than 130 bushels per acre, on average. Use the confidence interval to evaluate this statement.

Answer rating: 100% (QA)

Given Date The confidence interxal is18130 This indicate... View the full answer