Answered: Find a 90% confidence interval for the…

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter13: Probability And Calculus

Section13.2: Expected Value And Variance Of Continuous Random Variables

Problem 10E

See similar textbooks

(a)

Find a 90% confidence 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     $ 6.39
upper limit     $ 7.37
margin of error     $ 0.49

(b)

Find the sample size necessary for a 90% confidence level with maximal error of estimate E = 0.41 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     $ ____

Expert Solution