Mathematics · Probability and Statistics
A bag containing 10,000 beads of assorted colors is purchased from a craft store. To estimate the percent of red beads in the bag, a sample of beads is selected at random. The percent of red beads in the bag was estimated to be 15%, with an associated margin of error of 2%. If r is the actual number of red beads in the bag, which of the following is most plausible?
- 1r < 1,300
- 2200 < r < 1,500
- 31,300 < r < 1,700✓
- 4r > 1,700
Correct answer
1,300 < r < 1,700
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