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Lunna [17]
3 years ago
12

Based on the research, a marketer tells a possible customer that with this new variety of corn they can expect to receive more t

han 130 bushels per acre, on average. Use the confidence interval to evaluate this statement
Business
1 answer:
olga nikolaevna [1]3 years ago
7 0

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.

Find out more on Confidence interval at: brainly.com/question/15712887

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