The Candy Company That Makes M&M's Claims That 10% of the M&M's

question 49

Multiple Choice

The candy company that makes M&M's claims that 10% of the M&M's it produces are green.Suppose that the candies are packaged at random,and the small bags contain 25 M&M's.When we randomly pick a bag of M&M's,we may assume that this represents a simple random sample of size n = 25.Suppose that in a randomly selected small bag of M&M's,there are 5 green M&M's.What is the plus four estimate of the proportion of green M&M's?

• A) = 0.1724
• B) = 0.2
• C) = 0.222
• D) = 0.2414

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Definitions:

Capital Budgeting

The process a business undergoes to evaluate potential major investments or expenses.

New Business Ventures

Initiatives or projects that involve starting a new business or expanding into new markets or products.

Equipment Replacement

The process of substituting old, worn-out, or obsolete equipment with newer, more efficient models or versions.

Discount Rate

A rate used to convert future cash flows into their present value, fundamental in the assessment of investment attractiveness.