Suppose that in a random selection of 100 colored​ candies, 23​% of them are blue. The candy company claims that the percentage of blue candies is equal to 27%. Use a 0.05 significance level to test that claim. What is the test statistic? What is the P-value? What is the null hypothesis and what is concluded about it? What is the final conclusion

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Q: suppose that in a random selection of 100 colored candies, 26% of them are blue. The candy company…

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Q: Suppose that in a random selection of 100 colored​ candies, 23​% of them are blue. The candy company…

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Q: Suppose that in a random selection of 100 colored candies, 26% of them are blue. The candy company…

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Q: suppose that in a random selection of 100 colored candies, 27% of them are blue. The candy company…

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Q: Suppose that in a random selection of 100 colored​ candies, 23​% of them are blue. The candy…

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Q: Suppose that in a random selection of 100 colored​ candies, 20​% of them are blue. The candy company…

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.