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:

Revenue Recognition

The accounting principle dictating the specific conditions under which revenue is recognized or recorded.

Shipment Date

The shipment date is the day on which goods are officially transferred from the seller to the carrier or dispatched for delivery to the buyer.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and shipping costs the moment the goods leave the seller's premises.

Title Passes

Refers to the transfer of ownership of property or goods from a seller to a buyer upon the fulfillment of certain conditions.