Question: The data given to the right includes data from 45 candies, and 5 of them are red. The candy company claims that 30% of its

The data given to the right includes data from 45 candies, and 5 of them are red. The candy company claims that 30% of its candies are red. Use the sample data to construct a 90% confidence interval estimate of the percentage of red candies. What do you conclude about the claim of 30%?

Construct a 90% confidence interval estimate of the population percentage of candies that are red.

(Type an integer or decimal rounded to one decimal place as needed.)

Is the result consistent with the 30% rate that is reported by the candy maker?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

The data given to the right includes data from 33 candies and 6 of them are red The company that makes the candy claims that 31 of its candies are red Use the sample data to construct a 95 confidence...

Q:

SENTIN Orange P Week 3 Test (6.1-6.6, 7.1-7.3) - Google Chrome mylab.pearson.com/Sue STA 2023 Statistics Section 2 (2) Kaylee Garcia 03/28/22 9:04 PM This test: 100 point(s) Test: Week 3 Test...

Q:

The data given to the right includes data from 37 candies, and 7 of them are red. The company that makes the Weights (g) of a Sample Bag of Candy candy claims that 33% of its candies are red. Use the...

Q:

Which statements about try-with-resources are true? (Choose two.) A. Any resource used must implement Closeable. B. If more than one resource is used, then the order in which they are closed is the...

Q:

ScaleDown Inc. is a manufacturer of furnishings for infants and children. The company uses a normal job-order costing system. ScaleDown's WIP inventory at April 30, 2015, consisted of the following...

Q:

Vesting A. Also known as the Federal Wage and Hour Law. B. Record used in preparing employees W-2. C. Protection against losses due to work-related injuries. D. Multicolumn form used to summarize...

Q:

A coin is tossed until either a head or four tails have occurred, and let X stand for the total number of coin tosses in this experiment. (i) What is the range of values for X? (ii) Calculate the...

Q:

Sobrero Corporation, a Mexican affiliate of a major U.S.-based hotel chain, starts the calendar year with 1 billion pesos (P) cash equity investment. It immediately acquires a refurbished hotel in...

Q:

When using the percentage-of-completion method to account for a long term contract, the gross profit recognized in the first year of a three-year construction project generally is the estimate of...

Q:

PhotoTech, Inc., a manufacturer of rechargeable batteries for digital cameras, signed a contract with a digital photography company to produce three different lithium-ion battery packs for a new line...

Q:

Each of the following equations in parts (a) & (b) describes r(t) which represents the position of a particle in space at time t. Find the particle's velocity and acceleration vectors. Then find the...

Q:

ABC Electronics Corporation will be expanding its products by manufacturing power banks. It expects to sell these over a period of three years by updating their power bank models throughout the...

Q:

A scooter manufacturer wants to increase brand awareness on its website. What type of graphic should the company include on every webpage?

Q:

How can you use data to assist you with making appropriate business decisions? Will you use internal data, external data, or both?

Q:

It is intellectually simple to formulate an elegant strategy but not so with its implementation. Discuss

Q:

Consider the following project where times are in weeks. Activity Immediate Predecessors Duration A - 8 B - 12 C A,B 7 D B 4 AND A 2 F C 3 G E,F 7 H D,F 3 what is the early start for activity B using...

Q:

Calculate total equity value given the following information: ROE = 8%; Total assets = $1,000,000 and ROA = 5% Select one: a. $700,000 b. $800,000 c. $650,000 d. $750,000 e. $625,000

Q:

Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...

Q:

18-18. Focusing only on human resource information systems for a moment, what sorts of systems would you suggest Lisa consider recommending for the Hotel Paris? Why?

Q:

18-11. List the criteria you would use for deciding whether another company is right for Netflix-type HR practices.

Q:

18-7. You have about 32 employees working in your factory. Working individually or in teams of four or five students, find and create a list of five online sources you could use to provide training...