Question

The owner of the West End Kwick Fill Gas Station wishes to determine the proportion of customers who pay at the pump using a credit card or debit card. He surveys 100 customers and finds that 80 paid at the pump. (Round your answers to 2 decimal places.) Estimate the value of the population proportion.

Answer 1

Answer: 0.80

Step-by-step explanation:

Given : The owner of the West End Kwick Fill Gas Station wishes to determine the proportion of customers who pay at the pump using a credit card or debit card.

He surveys 100 customers and finds that 80 paid at the pump.

Then, sample proportion= $\dfrac{80}{100}=0.80$

Since , the best point estimate for population proportion is sample proportion.

Therefore, the estimated value for population proportion =0.80