SCENARIO 15-6
the Maker of a Packaged Candy Wants to Evaluate

question 251

Short Answer

SCENARIO 15-6
The maker of a packaged candy wants to evaluate the quality of her production process.On each of
16 consecutive days, she samples 600 bags of candy and determines the number in each day's sample that she considers to be of poor quality.The data that she developed follow. $$\begin{array} { r c c } \underline{\text { Day} } & \begin{array} { c } \text { Number } \\\underline{\text { Poor }}\end{array} & \begin{array} { c } \text { Proportion } \\\underline{\text { Poor }}\end{array} \\1 & 33 & 0.0550000 \\2 & 29 & 0.0483333 \\3 & 31 & 0.0516667 \\4 & 32 & 0.0533333 \\5 & 43 & 0.0716667 \\6 & 45 & 0.0750000 \\7 & 46 & 0.0766667 \\8 & 48 & 0.0800000 \\9 & 48 & 0.0800000 \\10 & 46 & 0.0766667 \\11 & 28 & 0.0466667 \\12 & 32 & 0.0533333 \\13 & 28 & 0.0466667 \\14 & 32 & 0.0533333 \\15 & 31 & 0.0516667 \\16 & 24 & 0.0400000\end{array}$$
-Referring to SCENARIO 15-6, the estimate of the proportion of poor-quality bags of candy is.

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Definitions:

Public Good

A public good is a commodity or service that is made available to all members of a society, typically by the government, and is characterized by non-excludability and non-rivalry in consumption.

Nontaxpayers

Individuals or entities that do not contribute to tax revenues, either because of low income, exemptions, or evasion.

Economic Incentive

A financial or non-financial reward used to motivate individuals or entities to pursue particular actions that align with economic goals or policies.

Cost-benefit Analysis

A methodical strategy for evaluating the advantages and disadvantages of different options to identify the most effective method to realize benefits while ensuring cost savings.