Checkpoint: Analyzing Experiments Solution
Using the scenario from Example 3, to avoid losing money, what is the minimum market price per bushel required to be able to afford the new fertilizer?
The minimum price to afford the new fertilizer is $8.04 per bushel.
Note
If your student is not sure how to start this problem:
Q: If you need the cost per acre, what values need to be divided to determine this value?
A: The fertilizer cost ($45) and the observed difference (5.6).
Note: Dividing these values gives you a new market price per bushel that would make the organic fertilizer affordable.