MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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It is generally believed that 29 % of all pieces of candy in a family pack of Hershey’s candy are dark chocolate. A dark chocolate lover, yours truly along with a few classmates took 64 bags as a sample at random to find out the truth, what is the probability of achieving a sample with at least 34 percent, given the same sample size ?
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Step 1
Given
The percentage of all pieces of candy in a family pack of Hershey's are dark chocolate = 29%
Let proportion of all pieces of candy in a family pack of Hershey's are dark chocolate be p= 0.29
Proportion of all pieces which are not dark chocolate = 1 - 0.29 = 0.71
Let X be number of dark chocolate bags in 64 bags.
X follow binomial distribution with p = 0.29 and n = 64
34% of total bags = 0.34*64 = 21.76
We need P(X > 21.76)
Here the value of n is large and we can assume normal approximation
Mean = n*p = 0.64*0.29 = 18.56
Standard deviation = √n*p(1-p) = √64*0.29*0.71 = 3.63
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