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.
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.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text: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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