3. From a single bag of M&Ms we have the following distribution of colors: Color Orange All Other Colors Total number 24 62 If we let p be the proportion of orange M&Ms in your sample, use this to answer the following questions. a) Find the point estimate for the percentage of orange M&Ms in a bag. b) Find the standard deviation for the percentage of orange M&Ms in a bag. c) Find a 99% confidence interval estimate of the percentage of orange M&Ms in a bag.

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A:

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