Task \#2: Recording and Documenting Data - 10 points M\&M Colors: Skittle Colors: Record the...

60.1K

Verified Solution

Question

Accounting

image
image
image
image
image
Task \#2: Recording and Documenting Data - 10 points M\&M Colors: Skittle Colors: Record the color distribution of your Skittles in the table below. Part 1: Confidence Interval with M\&M's - 26 points 1. (2pts) Which M \& M color had the highest count in your sample? (If there's a tie, just choose one). Fill out this table for that color. (Give 3 decimal places for p^ ) 2. (6pts) Verify whether all the requirements for constructing a confidence interval for the proportion of this color of M\&M's are satisfied. Show work and/or explain each one. (Note: If typing, use an equation editor) Number of Items of Interest, x=8 Sample Size, n=22 Sample Proportion, $=x=0.3636 Level of Significance, a=0.05 Z-value =Za/2=1.960 excel formula = NORMSINV (a/2)] Standard Error, SE=V[p(16)]=0.1026 margin of error, E=ZSE=1.960.1026=0.2010 Confidence Interval is Interval Lower Limit =8E=0.36360.201= 0.1626 Interval Upper Limit =p+E=0.3636+0.201= 0.5646 95% Confidence interval is (0.163

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students