Question
A candy company is running a promotion where 5% of all chocolate coin bags contain real gold coins instead of chocolate. All bags bought are
A candy company is running a promotion where 5% of all chocolate coin bags contain real gold coins instead of chocolate. All bags bought are independent of each other. You personally buy 20 bags.
Suppose only 1 of your bags contain real gold coins, is there evidence to say that the candy company didn't really put real gold in 5% of their chocolate coin bags?
Solve the question with correct answer and proper explanation that I can understand the concept please...!
It is important for me please...!
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
