Population size or data can be large and sometime not too possible to measure practically, in this case, we take a sample to work with, this sample is the P-hat value
p hat is the mean of all sample proportions (p-hat)
x bar mean the mean of the sample data
A way to solve for "p hat" is by dividing the number of occurrences of the desired event by the sample size
Learn more about the Statistical symbols here:
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Answer:Before the wedding date, they went out for coffee and orally agreed to how the marital assets would be split if they divorced. Four years later they divorced.
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Answer: It is possible to make a valid conclusion as long as the data does not pertain to one certain region.
Hope this helps! :)
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