A company that packages peanuts states that at a maximum 6, Ask an Expert

Statistics

A company that packages peanuts states that at a maximum 6% of the peanut shells contain no nuts. At random, 300 peanuts were selected and 21 of them were empty.

1.With a significance level of 1%, can the statement made by the company be accepted?
2.With the same sample percentage of empty nuts and 1 - a = 0.95, what sample size would be needed to estimate the proportion of nuts with an error of less than 1%?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91786872

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

For the given cash flows below assume the cash flow is the

For the given cash flows below, assume the cash flow is the same in the next 2 years. Compute the NPV for each project, and compute the incremental IRR. Compare and explain why NPV always gives the correct decision. ...

1 dominos pizza is willing is willing to pay kes 250

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

A group of students made the following scores on a 10-item

A group of students made the following scores on a 10-item quiz in psychological statistics: {5, 6, 7, 7, 7, 8, 8, 9, 9, 10, 10} What is the variance, treating these scores as a sample?

Marys parents decided to buy a new house for their

Mary's parents decided to buy a new house for their retirement. They are looking at $200,000 lake house. Since their credit history is excellent, they can get approved for 3.6% annual interest on 30-year mortgage. In the ...

1 choose all probability distributions which are

1. Choose all probability distributions which are theoretically related to normal probability distribution 2. The 68-95-99.7 rule states that in a normal distribution 3. For a normal distribution the a mean of 179 and st ...

Your company doesnt face any taxes and has 760 million in

Your company doesn't face any taxes and has $760 million in assets, currently financed entirely with equity. Equity is worth $51.00 per share, and book value of equity is equal to market value of equity. Also, let's assu ...

Determine the internal rate of return for a project that

Determine the internal rate of return for a project that costs -$149,500 and would yield after-tax cash flows of $23,000 the first year, $25,000 the second year, $28,000 the third year, $30,000 the fourth year, $34,000 t ...

The manufacturer of a new fertilizer wants to show that the

The manufacturer of a new fertilizer wants to show that the new chemical increases bean yields. The average acre currently yields 146.8 bushels of beans. State the null and alternative hypotheses that the manufacturer wo ...

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

In february 2017 the risk-free rate was 431 percent the

In February 2017 the risk-free rate was 4.31 percent, the market risk premium was 6 percent, and the beta for Twitter stock was 1.58. What is the expected return that was consistent with the systematic risk associated wi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert