The data given to the right includes data from 31 candies, and 7 of them are red. The company that make candy claims that 34% of its candies are red. Use the sample data to construct a 95% confidence interval estimate of the percentage of red candies. What do you conclude about the claim of 34%? Construct a 95% confidence interval estimate of the population percentage of candies that are red. %

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Average

In mathematics, everyone must have heard the term average in one place or other. Almost all types of calculation require taking out an average. In everyday life, the term is used for denoting a certain amount that can be said to be a typical quantity for multiple people or objects. In other words, if a group of people possesses a certain object, then the average gives us an idea regarding the quantity of the object possessed by each person. However, this is solely based on mathematical calculation. It is important to note that most people will not strictly have the average value in a group.