Hi! I would like to receive help with the following question for
Probabilities and Statistics, and I thank you in advance for your
kind help!
----
Mars Company claims that 10% of M&M candies in a random bag are green.
PART I: Suppose we choose randomly several samples of bags containing 50 M&Ms, and record the % of greens in each bag.
a) If we plot a histogram showing the proportions of green candies in the different bags, what shape would you expect? Can you approximate the histogram by a Normal model? Why or why not?
b) Where should the center of the histogram be? What should the standard deviation of the proportions be?\
PART II: Suppose we work with bags containing 200 M&Ms, and we compute the % of greens in each bag.
a) Why is it appropriate now to use a Normal model to describe the distribution of the proportion of greens?
b) Use the 68-95-99.7 Rule to describe his this proportion might vary from bag to bag.
c) How would this model change if the bags contained even more M&Ms?
PART III: In a really large bag of M&Ms, we found
12% of 500 M&Ms were green. Does this refute Mars’ claim of
10%? Explain.
-----
Thank you for your help! I would really appreciate it!
a)
here, p=0.10
n=50
X be number of candies that are green
X~binomial(n=50, p =0.10 )
if p=0.5, binomial distrbution is symmetrical.
since, p=0.10<0.50, so, shape of histogram is skewed to right.
here, np=5<10 ,
so, we cannot approximate the histogram by a Normal model
b)
center of histogram,p=0.10
std dev = √p(1-p)/n = √(0.10*0.90/50)=0.0424
-----------------------------------
part II
a)
now, np=200*0.10 = 20>10 ,
and n(1-p) = 200*0.90 =180>10
since, now both np and n(1-p)>10
so, we can approximate the histogram by a Normal model
b)
center of histogram=0.10
Standard Error , SE = √( p(1-p)/n ) = 0.0212
according to empirical rule,
68% of observation of data lie witin 1 std dev away from mean,µ±1σ = (0.0789,0.1212)
95% of observation of data lie witin 2 std dev away from mean,µ±2σ =(0.0576,0.1424)
99.7 of observation of data lie witin 3 std dev away from mean, µ±3σ =(0.0364 , 0.1636)
c)
if the bags contained even more M&Ms , then model will approach more and more normal distibution , because std error will decrease,as sample size increase.
--------------------
part III
Ho : p = 0.1
H1 : p ╪ 0.1
Level of Significance, α =
0.05
Sample Size, n = 500
Sample Proportion , p̂ = 0.12
Standard Error , SE = √( p(1-p)/n ) =
0.0134
Z Test Statistic = Z = ( p̂-p)/SE =
1.4907
p-Value = 0.136037128 [from z table]
Conclusion: p value>α ,do not reject null
hypothesis
hence, there is no sufficient evidence to reject men's claim at
α=0.05
Hi! I would like to receive help with the following question for Probabilities and Statistics, an...
Manufacturing companies strive to maintain production consistency, but it is often difficult for outsiders to tell whether they have succeeded. Consider a company that makes a certain brand of candy claims that 10% of the candies it produces are blue and that bags are packed randomly. Their production controls can be checked by sampling bags of candies. Suppose bags containing about 300 candies are opened and the proportion of blue candies is recorded. Complete parts a through c. a) Explain...
Hw Score: 5.36%, 0.75 of 1. 14.1.18 Question Help are green. Supposed that the candies are packaged at random in small bags containing about 56 candies. A class of green Complete parts a A candy company claims that 10% of all their candy products the candies are packaged at elementary school students learning about percents opens several bags, counts the various colors of the candies, and calculates the proportion that are through d below A. A skewed left shape B....
Hi! i would like to receive help with the following question, and i thank you in advance for your help, i will give a thumbs up! 3. Loan repayment. If you borrow $4,800 and repay the loan by paying $200 per month to reduce the loan and 1% of the unpaid balance each month for the use of the money, what is the total cost of the loan over 24 months? (Ans. : $600]
A. Suppose you take a sample of size n from a population and calculate a statistic from that sample. The statistic could be a sample proportion p, a sample mean x, or another statistic. Then suppose we repeat this process over and over again until we find all possible samples of size n from the population (this is a theoretical idea) and we calculate the same statistic from 1. each sample. The collection of all of the statistics calculated is...
I need help ASAP. Thank You A manufacturer of chocolate chips would like to know whether its bag filing machine works correctly at the 401 gram setting. It is believed that the machine is underfilling the bags. A 7 bag sample had a mean of 393 grams with a variance of 529. Assume the population is normally distributed. A level of significance of 0.02 will be used. Specify the type of hypothesis test. Tables Keypad Answer 2 Points Left-Tailed Test...
Hi! I would really appreciate to get help with this question! Thank you very much for your help! -------------- Accompany the exercise by a useful sketch! Use Excel, of course, (if needed.) A newsletter for investors recently reported that the average stock price for a blue chip stock over the past year was $72. No standard deviation was given. Would the stdev be more likely to be $6 or $16 or $60? Explain; ------- Thank you very much!
Hi! I would like to have help with following: - Explain free trade agreements - Bilateral and Multilateral Trade Agreements for Sri Lanka Thank you and I appreciate your help!
Hi! I would be very thankful if I receive help with the following exercise! Thank you in advance and I will give you a thumbs up! ------------------------------------------ 8. In the 1998 NBA championship series, Michael Jordan made 57 free throws. He made 81.5% of the free throws he attempted in that championship series. How many free throws did he attempt ? Round your anser to the nearest whole number.
I am stuck on this multiple-part question. I would like to receive detailed help please. Thank you! 1. The market demand for barley is Qd = 4400-400 P and supply for barley is Qs= -300 + 360 P. *What is the equilibrium price and quantity in this market? *Calculate consumer and producer surplus from the market. *Calculate the price elasticity of demand at the equilibrium price and quantity in the market. Also, calculate price elasticity of supply at the equilibrium...
Hi. I am taking a course in college level statistics. I have a problem with an assignment in the "Sampling Distribution" chapter. It reads: Blood potassium levels*. Judy's doctor is concerned that she may have hypokalemia (low potassium in her blood, measured in millimoles per liter, mmol/l). There is variation both in the actual potassium level and in the blood test that measures the level. Judy's measured potassium level varies according to the Normal distribution with mean (μ) = 3.8...