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Logging Activity in Forests Is Thought to Affect the Behavior km2\mathrm { km } ^ { 2 }

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Logging activity in forests is thought to affect the behavior of black bears (Ursus americanus). An important measure of animal behavior is the home range, the area used by animals in their lives. In a study of black bears in a logged Canadian forest, the spring and early summer home range (in km2\mathrm { km } ^ { 2 } ) of 12 radio-collared female black bears was measured with the following results:
39.9,23.5,42.1,29.4,34.4,40.9,27.9,22.3,13.0,20.1,13.3,8.639.9,23.5,42.1,29.4,34.4,40.9,27.9,22.3,13.0,20.1,13.3,8.6
a) Construct and interpret a 95%95 \% confidence interval for the mean home range of female black bears in this logged forest.



b) The typical home range of females in forests with no logging is 20 km220 \mathrm {~km} ^ { 2 } . Based on the confidence interval from part (a), do you think that the mean home range size of females in this logged forest could be the same as the mean home range size in non-logged forests? Explain, using appropriate statistical terminology.


Definitions:

Fair Value

The revenue generated from liquidating an asset or the cost involved in handing off a liability within a coordinated transaction among market members at the time of gauging its value.

Conservatism

An accounting principle that advises caution, recommending that potential expenses and liabilities are recorded when probable, but revenues only when they are certain.

Accounting Choices

The various decisions that management makes regarding the principals, methods, and practices followed in an accounting system.

Equity Book Value

The net asset value of a company as recorded on the balance sheet, calculated as total assets minus liabilities, often used to assess a company's worth.

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