MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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What price do farmers get for their watermelon crops? In the third week of July, a random sample of 40 farming regions gave a sample mean of = $6.88 per 100 pounds of watermelon. Assume that σ is known to be $1.98 per 100 pounds.
(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 $
upper limit $
margin of error $
(b)
Find thefarming 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 $
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