Identify the null hypothesis and the alternative hypothesis

Assignment Help Mathematics

Reference no: EM131168898

The UMUC Daily News reported that the color distribution for plain M&M's was: 40% brown, 20% yellow, 10% orange, 10% green, and 20% tan.Each piece of candy in a random sample of 100 plain M&M's was classified according to color,and the results are listed below. Use a 0.05 significance level to test the claim that the published color distribution is correct. Show all work and justify your answer.

(a) Identify the null hypothesis and the alternative hypothesis.

(b) Determine the test statistic.Show all work; writing the correct test statistic, without supporting work, will receive no credit.

(d) Is there sufficient evidence to support the claim that the published color distribution is correct? Justify your answer.

Reference no: EM131168898

Questions Cloud

Find the number of bags per batch that should be produced : A certain company produces potting soil and sells itin 50 lb bags. Suppose that 200,000 bags are to be produced eachyear. It costs $4 per year to store a bag of potting soil, and itcosts $1000 to set up the facility to produce a batch of bags. Fin..

Prove that the price of a barrier option implied by a tree : Prove that the price of a barrier option implied by a tree will always be less than the price of a vanilla option with the same parameters priced on the same tree.

How will the value of the portfolio change : Suppose the stock price jumps; how will the value of the portfolio change if the option is priced according to the Black-Scholes formula before and after the jump?

What is the firms current required return : If you determine that the appropriate risk premium is 6.74% and you observe that the risk-free rate, RF, is currently 5.25%, - what is the firm's current required return, rAzure?

Identify the null hypothesis and the alternative hypothesis : Is there sufficient evidence to support the claim that the published color distribution is correct? Justify your answer.

What is the origin of democratic thought : What is the origin of democratic thought? How has it changed over the centuries and how does it compare with democratic thought in practice today for the United States? How can it be evaluated (compare and contrast) with other countries in the We..

What are the merits and risks of other tax-based reforms : What are the merits and risks of other tax-based reforms? Please assess at least one additional reform. Examples include, but are not limited to: a national sales tax, value-added taxes (VAT), eliminating a variety of deductions or credits

What effect would a positive dividend rate have on the price : Suppose were are in a Black-Sholes world, and have a put option on a non-dividend paying stock. What effect would a positive dividend rate have on the price of the put?

Evidence for and against efficiency market hypothesis : Evaluate the evidence for and against the Efficiency Market Hypothesis. - Formulate and provide conclusions and recommendations for guiding these investors considering this market efficiency debate.

User Account

All Pages