The ERS claims that the average net worth of chicken farmers in Kansas is at least $60,000. A random sample of 75 chicke

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The ERS claims that the average net worth of chicken farmers in Kansas is at least $60,000. A random sample of 75 chicke

Post by answerhappygod »

The ERS claims that the average net worth of chicken farmers inKansas is at least $60,000. A random sample of 75 chicken farmershad a mean net worth of $46,000. Assume that the net worth of allchicken farmers have a normal distribution with the populationstandard deviation of $4,200. Using the 1.5% significance level,can you conclude that the ERS claim is false?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”