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December 21, 2014

Homework Help: Statistics

Posted by Desperate on Saturday, July 7, 2012 at 3:51pm.

What price do farmers get for their watermelon crops? In the third week of July, a random sample of 52 farming regions gave a sample mean of = $6.68 per 100 pounds of watermelon. Assume that is known to be $1.94 per 100 pounds. A farm brings 35 tons of watermelon to market. Find a 98% confidence interval for the population mean cash value of this crop. Round your answer to the nearest dollar. Hint: 1 ton is 2000 pounds.
Answer
a. $4613 to $4739
b. $4585 to $3885
c. $4543 to $4809
d. $4494 to $4858
e. $4235 to $5117

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