Solve the problem. Round the point estimate to the nearest thousandth. 32 randomly picked people were...
Solve the problem. Round the point estimate to the nearest thousandth.
32 randomly picked people were asked if they rented or owned their own home, 8 said they rented. Obtain a point estimate of the proportion of home owners.
Homework Answers
Solution :
Given that,
n = 32
x = 8
Point estimate = sample proportion = 
= x / n = 8/32=0.25
Add Answer to:
Solve the problem. Round the point estimate to the nearest
thousandth.
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