Final answer:
The town's population is approximately 44. The number of defective toys is approximately 33.
Step-by-step explanation:
To find the town's population, we can set up a proportion using the given information. Let x represent the town's population:
(320 residents over 65)/(x total residents) = (14% over 65)/(100% total population)
Solving for x, we can cross multiply and divide:
320x = 14x100
x = (14x100)/320
x ≈ 43.75
Rounding to the nearest whole number, the town's population is approximately 44.
To find the number of defective toys, multiply the total number of toys produced by the defective rate:
550 toys × 6% defective = 33 toys
Therefore, approximately 33 toys will be defective.