What assumptions are necessary to apply the techniques

Assignment Help Microeconomics
Reference no: EM131028806

"Muck" is the rich, highly organic type of soil that serves as the primary growth medium for vegetation in the Florida Everglades. Because of the high concentration of organic material, muck can be destroyed over time by a variety of natural and human-made causes. Members of the Florida Game and Fresh Water Fish Commission staked out several plots in the Everglades. The depth of muck at each location was measured when each plot was marked and again 6 years later. The following table identifies a portion of the data (given in inches) obtained.

 Plot

Initial Reading

Later Reading

Pot

Initial Reading

Later Reading

1

34.5

31.5

9

44.0

35.2

2

44.0

37.9

10

40.3

37.2

3

37.5

35.5

11

27.0

24.7

4

27.0

23.0

12

29.5

25.8

5

37.0

34.5

13

31.5

29.0

6

40.0

31.1

14

35.0

36.8

7

47.2

46.0

15

44.0

36.3

8

35.2

31.0

 

 

 

a. Test to see if there is sufficient evidence to indicate a decrease in average muck depth during the study period. Give bounds on the associated p-value. What would you conclude if you desired to implement anα = .01 level test? (Although you are free to take the necessary differences in any order that you prefer, the answer provided at the back of the book assumes that the differences were formed by taking later readings minus initial readings.)

b. Give a 95% confidence interval for the difference in mean muck depths at the end and beginning of the study. Interpret this interval. [See the remark following part (a).]

c. Give a 95% confidence interval for the initial mean muck depth in the portion of the Everglades in which the study was conducted.

d. Repeat the instructions of part (c) for later readings.

e. What assumptions are necessary to apply the techniques you used in answering parts (a) and (b)? Parts (c) and (d)?

Reference no: EM131028806

Questions Cloud

Full-coverage crown to replace the tooth : As a result, Carrie lost a tooth, had to undergo root canal treatments, and must now wear a full-coverage crown to replace the tooth. Is the store liable for the damage? Why?
Write a detailed description of the object and its setting : Approach your artifact like a detective. In paragraph form, write a detailed description of the object and its setting. Visualize the object in detail for the reader.
Provide a teaching plan : Describe a method for providing both the patient and family with education and explain your rationale - Provide a teaching plan
Identify a drug produced by rdna technology : Identify a drug produced by rDNA technology, other than the drugs listed in your textbook. Describe the illness it is used to treat. In your opinion, should this technology be used to treat patients? Why or why not
What assumptions are necessary to apply the techniques : Test to see if there is sufficient evidence to indicate a decrease in average muck depth during the study period. Give bounds on the associated p-value. What would you conclude if you desired to implement anα = .01 level test?
Role of the helping relationship in the counseling process : What is the role of the helping relationship in the counseling process? How will/do you approach that relationship and what impact do you think it can have on both clients and counselors
What are the implications for improper goal-setting : Identify how you know where to begin when using assessments with children. Provide specific examples.  Analyze the importance of goal setting. What are the implications for improper goal-setting? Explain what the next steps are if an assessment does ..
Solve each inequality and graph each solution : The cost of a taxi in NYC (as of 2008) is $2.50, plus 40 cents for each 1/5 mile. How far could you travel for at least $8.50, but not more than $12.50
What type of anemia does ms a most likely have : Considering the circumstances and the preliminary workup, what type of anemia does Ms. A most likely have? In an essay of 500-750 words, explain your answer and include rationale

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd