Question

When 300 college students were surveyed, 220 said they own their car. Find a point estimate for p, the population proportion of students who own their cars. Round your answer to 3 decimal places.

Answer 1

$\text{Hello there!}\\\\\text{Point estimates would be represented as:}\,\,p=\frac{x}{t}\\\\\text{"x" would represent the value you know}\\\\\text{"t" would represent your total}\\\\\text{To find your point value, you would divide 220 by 300}\\\\220\div300=0.73333333\\\\\text{Round to the nearest thousandths place}\\\\\boxed{0.733}$