Did you ever purchase a bag of M&s candies and wonder about the distribution of colors? You
Question:
Did you ever purchase a bag of M&€™s candies and wonder about the distribution of colors? You can go to the website www.baking.m-ms.com and click the United States on the map, then click About M&M’s, then Products and Peanut, and find the percentage breakdown according to the manufacturer, as well as a brief history of the product. Did you know in the beginning they were all brown? For peanut M&M’s, 12% are brown, 15% yellow, 12% red, 23% blue, 23% orange, and 15% green. A 6-oz. bag purchased at the Book Store at Coastal Carolina University had 14 brown, 13 yellow, 14 red, 12 blue, 7 orange, and 12 green. Is it reasonable to conclude that the actual distribution agrees with the expected distribution? Use the .05 significance level. Conduct your own trial. Be sure to share with yourinstructor.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal