Ask Question
25 May, 17:00

6. 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?

No, because planting softwood trees have a higher profit per acre.

No, because there is not enough information given to make a conclusion.

Yes, because the chance of getting a similar result is small.

Yes, because planting hardwood trees have a higher profit per acre.

+5
Answers (1)
  1. 25 May, 17:05
    0
    No, because there is not enough information given to make a conclusion. Providing a percentage of 46% higher profit per acre doesn't mean statistical significance as it could be data-based only. There should be a given p value to make a conclusion about statistical significance.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “6. A foresting service conducted a survey to see if tree farms that planted hardwood trees were more profitable over a 30-year period than ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers