Would like each student in the class to go to the market and purchase 10 bags of M&M regular size candy.
This is the 1.69 oz. size
We will be using these candies throughout the rest of the course.
Please count the number of M&M's in each bag and calculate the following statistics for your sample of ten bags.
1. the mean or average
2. the standard deviation
How can this be used by the M&M company?
The management of the M&M company is concerned that they are either overfilling the bags for the 1.69 size or underfilling them
They have contracted with us - the UOP 342 research institute (that's you) to help them analyze what is going on an determine if they really have a problem. Historically they have seen an average of 56.5 M&M's in a bag - with a standard deviation of 1.2 M&M's.
Develop a hypothesis based on the problem statement above that you can test.
What is the null hypothesis? What is the alternative or test hypothesis?
Neat, step-by-step solutions are provided.