The Acme Candy Company Claims That 60% of the Jawbreakers $\mu - 2 \sigma$

question 55

Multiple Choice

The Acme Candy Company claims that 60% of the jawbreakers it produces weigh more than 0.4 ounces. Suppose that 800 jawbreakers are selected at random from the production lines.
Would it be significant for this sample of 800 to contain 494 jawbreakers that weigh more
Than 0.4 ounces? Consider as significant any result that differs from the mean by more than 2
Standard deviations. That is, significant values are either less than $\mu - 2 \sigma$ or greater than $\mu + 2 \sigma$

• A) Yes
• B) No

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Definitions:

Bilateral Mistake

An error mutually made by two parties in a contract, potentially rendering the agreement invalid.

Material Fact

Any fact that is significant or essential to the matter at hand, which, if omitted or misrepresented, could influence a decision or outcome.

Material Fact

A fact that could influence the decision-making of an individual or entity, such as in a legal contract or in financial disclosures.

Furnished Information

Data or details provided, often to an authority or for a specific purpose, which are supplied or equipped by a party.