Manufacturers milk chocolate comes in a variety of colors

Assignment Help Business Economics
Reference no: EM13733671

Mars Inc manufacturers M&Ms the milk chocolate comes in a variety of colors: blue brown green orange red and yellow the overall proportions for the colors are 0.24 blue, 0.13 brown, 0.20 green, 0.16 orange, 0.13 red and 0.14 yellow in a sampling study several bags of M&M milk chocolates were opened and the following color count was obtained

blue-105 brown-72 green-89 orange-84 red-70 yellow-80

use a 0.05 level of significance and the sample data to test the hypothesis that the overall proportions for the colors are stated above what is your conclusion?

Reference no: EM13733671

Questions Cloud

Summary of hospitals organizational structure : Provide a detailed summary of your hospital's organizational structure. Include a tabulated description of the levels of professionals within the organization. Describe the duties of each major head within the organization.
Recently completed the construction of a bridge across : The city of Morse recently completed the construction of a bridge across the Ohio River at a total cost of $133,453.95. The length of the bridge is 276,389 feet. The city of Edison three miles up river wants to build there own bridge which have to be..
Disadvantages of the ethnocentric-polycentric-region-centric : What are the main advantages and disadvantages of the ethnocentric, polycentric, region-centric, and geocentric approaches to staffing policy? When is each approach appropriate? Be sure to relate the different global staffing approaches to strategy. ..
What type of management style does ceo terri kelly use : What is unique about the way the company is led. What type of management style does CEO Terri Kelly use. Is this any different than the styles of the founders
Manufacturers milk chocolate comes in a variety of colors : Mars Inc manufacturers M&Ms the milk chocolate comes in a variety of colors: blue brown green orange red and yellow the overall proportions for the colors are 0.24 blue, 0.13 brown, 0.20 green, 0.16 orange, 0.13 red and 0.14 yellow in a sampling stud..
Explina micro- and macro-environmental forces : Compare and contrast the micro- and macro-environmental forces that can influence the marketing strategies for these products (goods and services)
Determine whether the viewing audience proportions changed : During the first 13 weeks of the t.v season the Saturday evening 8:00pm-9:00pm audience proportions were recorded as ABC 29% CBS 28% NBC 25% and independents 18%. a sample of 300 homes two weeks after Saturday night schedule revision yielded the foll..
Data for applications built with modern technologies : 1. Provide an example of a software component and another example of a software service. Explain what these examples have in common and how they differ. 2. Consider a legacy system and explain how services could be used to implement wrappers to provi..
Prepare an even-point modified likert scale : Prepare an even-point modified Likert scale to focus on the value of energy drinks and Both scales should be properly constructed as described and demonstrated in the marketing research text

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd