Herpetologists (Snake Specialists) Found That a Certain Species of Reticulated

question 85

Essay

Herpetologists (snake specialists) found that a certain species of reticulated python have an
average length of 20.5 feet with a standard deviation of 2.3 feet. The scientists collect a
random sample of 30 adult pythons and measure their lengths. In their sample the mean
length was 19.5 feet long. One of the herpetologists fears that pollution might be affecting
the natural growth of the pythons. Do you think this sample result is unusually small?
Explain.

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Definitions:

Consumer Surplus

The discrepancy between the price consumers are ready to pay for a good or service and the price they end up paying.

Area Representation

The graphical depiction of quantitative relationships, often used in statistical and economic models to illustrate areas under curves or between lines.

Price

The price tag reckoned, necessitated, or conveyed in compensation for a particular thing.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive.