A foresting service conducted a survey to see if tree farms that planted hardwood trees were more profitable over a 30-year period than tree

Question

A foresting service conducted a survey to see if tree farms that planted hardwood trees were more profitable over a 30-year period than tree farms that planted softwood trees. The results of this study showed that hardwood trees had a 46% higher profit per acre. Are the results statistically significant?1. No, because planting softwood trees have a higher profit per acre.2. No, because there is not enough information given to make a conclusion.3. Yes, because the chance of getting a similar result is small.4. Yes, because planting hardwood trees have a higher profit per acre.

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Adalynn 2 weeks 2022-01-06T07:58:11+00:00 1 Answer 0 views 0

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    2022-01-06T07:59:53+00:00

    Answer:

    The results are statistically significant because planting hardwood trees have a higher profit per acre.

    Step-by-step explanation:

    From the question above,

    It shows that hardwood trees had a 46% higher Profit per acre than softwood trees.

    Meaning that for every $100 made on softwood trees, $146 profit would be made on hardwood trees i(including both primary and secondary expenses; making the hardwood trees more profitable.

    The information given is enough to reach a conclusion that planting hardwood trees have a higher profit per acre than softwood trees.

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45:7+7-4:2-5:5*4+35:2 =? ( )