MAT300 M&M project 3
Financial management, dumping and tariffs
July 9, 2019Determining Fair Price: Example Question
July 9, 2019We will be constructing confidence intervalsfor the proportion of each color as well as the meannumber of candies per bag.
Construct a 95% Confidence Intervalfor the proportion of blue M&Ms® candies.
Construct a 95% Confidence Interval for the proportion of orange M&Ms® candies.
Construct a 95% Confidence Interval for the proportion of green M&Ms® candies.
Construct a 95% Confidence Interval for the proportion of yellow M&Ms® candies.
Construct a 95% Confidence Interval for the proportion of red M&Ms® candies.
Construct a 95% Confidence Interval for the proportion of brown M&Ms® candies.
Construct a 95% Confidence Interval for the mean total number of candies (large samples).
How many candies should be sampled to obtain a 95% CI of the proportion of blue candies with a 4% margin of error if the known proportion of blue candies is 0.24?
The formula for a confidence interval for is shown below. I have used this …
The expert examines confidence intervals for proportions of M&M’s.
