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M&M Project Summary

Jeanette Willis

Mat-300

09/14/2012

Introduction This M&M project was to get students such as myself to get a better understanding on how companies determine how they are going to package their product, market it and disburse among many different markets. The other purpose of this project was to determine statistical data analysis of M&M candies. However to determine what is statistical data analysis we must first try to define the term statistic in the first place. Statistic to me is a set of techniques that are used in collecting, analyzing, presenting, and interpreting data. The statistical method we used helps in a variety of occupations and also helps people to identify study and solve many complex issues in businesses and the entire economic world. It also helps us to understand complex data by make it simple so as to help in decision making processes. In this segment of the project I am performing a statistical analysis on M&M candies based on different colors in different bags, and different statistical methods will be perform during the entire process and based on those.

First in order to determine the statistical methods we had to first focus on two perspective color following Blue 0.233, Orange 0.2102, Green 0.168, Yellow 0.1322, Red 0.1382 and Brown

0.1239. The mean for the six colors vary with Blue being the dominant color of 852, follow by orange 770, green, 616, red 506 yellow 484 and brown 454. Secondly I had to construct the 95% confidence interval for the proportions of all six colors blue, orange, green, yellow, red and the results are the following.95% confidence interval results: | | | | | | p : proportion of successes for population | | | | | Method: Standard-Wald | | | | | | | Proportion | Count | Total | Sample…...

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