Final answer:
To determine if the potato chip manufacturer is meeting its goal for overfried chips, a hypothesis test can be conducted using the binomial distribution. The null hypothesis states that the manufacturer is meeting its goal, while the alternative hypothesis states otherwise. By calculating the probability of observing 98 or more overfried chips in a random sample of 111,667 chips, we can determine if the manufacturer is meeting its goal.
Step-by-step explanation:
To determine if the manufacturer is meeting its goal for overfried chips, we can conduct a hypothesis test. The null hypothesis, denoted as H0, states that the manufacturer is meeting its goal of producing less than 1 overfried chip in every 1000 chips. The alternative hypothesis, denoted as H1, states that the manufacturer is not meeting its goal. The significance level, alpha (α), is given as 0.05.
We can use the binomial distribution to model the number of overfried chips. The expected number of overfried chips can be calculated by multiplying the sample size (111,667) by the probability of producing an overfried chip (0.001).
Using the binomial distribution, we can calculate the probability of observing 98 or more overfried chips in a random sample of 111,667 chips. If this probability is less than the significance level (α = 0.05), we reject the null hypothesis and conclude that the manufacturer is not meeting its goal.