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

question 12

Multiple Choice

The candy company that makes M&M's claims that 10% of the M&M's it produces is green.Suppose that the candies are packaged at random in large bags of 200 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 = 200.Suppose we wish to test H₀: p = 0.10 versus H_a: p  0.10.Suppose that in the randomly selected bag of M&M's there are only 12 green M&M's.Calculate the value of the large-sample z statistic.What is the value of the corresponding P-value?

• A)P-value = 0.0297
• B)P-value = 0.0593
• C)P-value = 0.06
• D)P-value = 0.3284

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Definitions:

Tort of Deceit

A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.

Guarantor

An individual or entity that agrees to be responsible for another's debt or performance under a contract, should the primary party fail to meet its obligations.

Principal Debtor

The main individual or entity responsible for repaying a debt or obligation.

Creditor

An individual, organization, or entity that lends money or extends credit to another party, expecting repayment.