Peanut M&Ms come in 6 colors, red, orange, yellow, brown, blue and
green. The table below gives the overall proportion of peanut M&Ms
for five of the six colors. You select a random sample of size 250 from
a huge collection of peanut M&Ms and find that blue M&Ms make up
a proportion of size 0.185 of your sample.
Color
red
orange
yellow
brown
blue
green
Proportion
0.2
0.1
0.2
0.2
0.2
What proportion of peanut M&Ms are green? How do you know?
Are the proportions listed in the table statistics or parameters?
Is the value 0.185 in the problem description a statistic or a parameter?
What is the probability that a single randomly selected peanut M&M
is either red or orange?
What is the probability that a single randomly selected peanut M&M
is not blue?
If we use an SRS of size 250 to estimate the proportion of peanut M&Ms
which are blue (call this estimated proportion p-hat), verify that the
second rule of thumb for normal distributions is satisifed.
What is the mean value of the estimated proportions p-hat?
What is the standard deviation of the values of p-hat?
How likely is it that we obtain a sample at least as rare as one with a
p-hat value of 0.185?