The Makers of a Particular Type of Candy Have Stated

question 62

True/False

The makers of a particular type of candy have stated that 75 percent of their sacks of candy will contain 6 ounces or more of candy. A consumer group that studies such claims recently selected a random sample of 100 sacks of this candy. Of these, 70 sacks actually contained 6 ounces or more. The probability that 70 or fewer sacks would contain 6 ounces or less is approximately 0.1251.

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Definitions:

Coefficient Of Determination

A measure that represents the proportion of variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Coefficient Of Correlation

A statistical measure that quantifies the degree to which two variables change in relation to each other, ranging from -1 to 1.

Regression Line

A line that best fits the data points in a scatter plot, showing the relationship between the independent and dependent variables.

Slope

In statistics, it typically refers to the rate at which one variable changes in relation to another in a linear regression model.