Shelly and Tom disagree over the amount of money due under their contract. To avoid involving any third party in a resolution of
the dispute, Shelly and Tom might prefer to use the alternative dispute resolution method of ___.a.arbitration b.litigation. c.mediation d. negotiation.
This means that the research shows that 95% of the yield is between 118 to 130 bushels per acre. The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.
<h3>Confidence interval</h3>
Given that 95% confidence interval for the true mean yield is 118 to 130 bushels per acre.
This means that the research shows that 95% of the yield is between 118 to 130 bushels per acre. The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.
Hence:
μ ± E = (118, 130)
where μ is mean and E is margin of error
μ - E = 118 (1)
Also:
μ + E = 130 (2)
From both equations:
μ = 124, E = 6
The mean is 124 bushels per acre and the margin of error is 6 bushels per acre.
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