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Answer to Question #60595 in Statistics and Probability for Lindsay
Question #60595
Based on studies conducted in various regions across the country, the average cost of pumpkins for consumers is $3.18 per kg.
From a random sample of 15 farmer’s markets in the Montreal-area you determine that the average price for pumpkins is $4.25 per kg with a standard deviation of $1.90 per kg
Construct a 98% confidence interval for the average price of pumpkins in the Montreal-area and determine if it differs significantly from that of the rest of the country.
From a random sample of 15 farmer’s markets in the Montreal-area you determine that the average price for pumpkins is $4.25 per kg with a standard deviation of $1.90 per kg
Construct a 98% confidence interval for the average price of pumpkins in the Montreal-area and determine if it differs significantly from that of the rest of the country.
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