Question

In: Statistics and Probability

A farmer weighs 10 randomly chosen watermelons from his farm and he obtains the following values...

A farmer weighs 10 randomly chosen watermelons from his farm and he obtains the following values (in lbs):
7.72,9.58,12.38,7.77,11.27,8.80,11.10,7.80,10.17,6.00
Assuming that the weight is normally distributed with mean μ and and variance σ2, find a 95% confidence interval for μ.

Solutions

Expert Solution

[first we calculating mean and variance to contruct the 95% confidence interval]

Mean = (7.72 + 9.58 + 12.38 + 7.77 + 11.27 + 8.8 + 11.1 + 7.8 + 10.17 + 6) / 10
Mean = 92.59/ 10
Mean = 9.26


Calculating Population Variance
We can calculate the population variance using the below formula:



Put the values in the formula,



= 1.89

Calculating 95% confidence interval for mean:

Mean, x bar = 9.26,
Standard Deviation, = 1.89,
Sample Size, n = 10,

z critical value of 95% confidence interval = 1.96

Now, using the formula

Put the values in the above formula:



= 8.0886, 10.4314
So, Confidence Interval = [8.0886, 10.4314]


Related Solutions

(10 marks) A farmer has discovered that on his farm, he can get 30 bushels of...
A farmer has discovered that on his farm, he can get 30 bushels of corn per acre if he applies no fertilizer. When he applies N pounds of fertilizer to an acre of land, the marginal product of fertilizer is 1−N/200 bushels of corn per pound of fertilizer. (a) If the price of corn is $3 a bushel and the price of fertilizer is $p per pound (where p < 3), how many pounds of fertilizer should be use per...
Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for...
Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for sale to food companies. On November 1, he sells his vegetables to Granny’s Pie Company for $65,000, inclusive of 13% VAT. Granny’s Pie Company uses his vegetables to produce savory meat and vegetable pies (they’re huge in the UK). After the production of the pies is complete, Granny’s Pie Company sells the pies to Winn Dixie Grocery Stores for $140,000, inclusive of 13% VAT....
Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for...
Bob the Farmer grows vegetables at his farm in South Dakota. He grows his vegetables for sale to food companies. On November 1, he sells his vegetables to Granny’s Pie Company for $65,000, inclusive of 13% VAT. Granny’s Pie Company uses his vegetables to produce savory meat and vegetable pies (they’re huge in the UK). After the production of the pies is complete, Granny’s Pie Company sells the pies to Winn Dixie Grocery Stores for $140,000, inclusive of 13% VAT....
A farmer has a 100-acre farm on which to plant watermelons and cantaloupes. Every acre with...
A farmer has a 100-acre farm on which to plant watermelons and cantaloupes. Every acre with watermelons requires 50 gallons of water per day and must be prepared for planting with 20 pounds of fertilizer. Every acre with cantaloupes requires 75 gallons of water per day and must be prepared for planting with 15 pounds of fertilizer. The farmer estimates that it will take 2 hours of labor to harvest each acre planted with watermelons and 2.5 hours to harvest...
Suppose a farmer is interested in developing a breeding program on his chicken farm. The farmer...
Suppose a farmer is interested in developing a breeding program on his chicken farm. The farmer would like to artificially select for egg weight, egg shape, shell color, and shell thickness. In a large population of his chickens, the farmer has measured these four continuous egg traits of interest and calculated their variances, shown in the table below. Variance Weight Shape Shell Color Shell Thickness Phenotypic 166 1043 157 176 Additice Genetic 4 140 83 22 Environmental 83 522 95.4...
The owner of a trout farm routinely measures the lengths of his trouts. He randomly took...
The owner of a trout farm routinely measures the lengths of his trouts. He randomly took 31 trouts last Friday from his pond and measured their lengths. The mean length was 26.1 centimeters with a standard deviation of 1.8. Estimate the true mean length of all trouts in his farm using a 90% confidence interval. (a) The limits of the confidence interval are calculated by x¯±tsn‾√x¯±tsn , where x¯= t= (Round to 3 decimal places.) Please explain how to find...
A farmer is building a new machine shed on his farm. Calculate the average annual fixed...
A farmer is building a new machine shed on his farm. Calculate the average annual fixed cost for the machine shed using the information given below. The annual fixed costs or ownership costs are depreciation, interest, taxes, and insurance. Purchase price = $180,000 Salvage value = $0 Useful life = 20 years Property taxes = $5,200 Insurance = $5,500 Cost of capital = 9%
#2. Farmer Brown sold the mineral rights on his farm to Exxon Corporation in exchange for...
#2. Farmer Brown sold the mineral rights on his farm to Exxon Corporation in exchange for payments of $14,000 per year in perpetuity. Using a discount rate of 6.5 percent, compute the present value of this arrangement #3. Investment X has the following projected cash flows over the next four years: Year Amount 1 $5700 2 $4900 3 $4300 4 $2000 If the opportunity cost for an investment of this level of risk is 9.1%, what is the most that...
A farmer records the number of bees spotted on his farm over a two week period...
A farmer records the number of bees spotted on his farm over a two week period in the middle of the summer. Below is a stem and leaf plot of his data: 1 67 2 269 3 29 4 399 5 4 6 14 7 8 7 key: 1 6=16 1) Find the mean, median, mode, and sample standard deviation for this data 2) List the values for your Five Number Summary for the data in order. 3) Identify any...
On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he...
On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bushels of wheat when he hires 3 workers. Which of the following possibilities is consistent with the property of diminishing marginal product? Group of answer choices The farmer is able to produce 5,600 bushels of wheat when he hires 4 workers. The farmer is able to produce 5,400 bushels of wheat when he hires 4...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT