An advertiser claims that the average percentage of brown M&M'S candies in a package of milk chocolate

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An advertiser claims that the average percentage of brown M&M'S candies in a package of milk chocolate M&M'S is 13%. Suppose you randomly select a package of milk chocolate M&M'S that contains 55 candies and determine the proportion of brown candies in the package.
a. What is the approximate distribution of the sample proportion of brown candies in a package that contains 55 candies?
b. What is the probability that the sample percentage of brown candies is less than 20%?
c. What is the probability that the sample percentage exceeds 35%?
d. Within what range would you expect the sample proportion to lie about 95% of the time? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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