Question: Regular M&M's are produced in certain percentages.For example, the percent of blue M&M's is supposed to be 24%.You decide to see if this is true
Regular M&M's are produced in certain percentages.For example, the percent of blue M&M's is supposed to be 24%.You decide to see if this is true for their new Orange Vanilla Cream M&M's.You buy several bags worth, and you get 64 blue M&M's out of 245 M&M's.Based on this information, find a 91% confidence interval and answer the following questions.Please round to three decimal places if possible.
A.Write down either the formula you will use or the calculator command.
B.What is the confidence interval?
C.What is the point estimate?
D.Are you concerned that the proportion of blue M&M's is not the same for both types - regular and Orange Vanilla Cream?Why or why not?
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