What price do farmers get for 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 $1.92 per 100 pounds. Find a 90% confidence interval for the population price (per 100 pounds) that farmers in this region get for their watermelon crop. Interpret your findings.

What price do farmers get for 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...

What price do farmers get for 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 $1.92 per 100 pounds. Find a 90% confidence interval for the population price (per 100 pounds) that farmers in this region get for their watermelon crop. Interpret your findings.

Jun 10, 2022