Question

There are 850 employees at a software company. The

Answer 1

Answer:

• The value of x is 148
• The best point estimate of population proportion is 74%

Step-by-step explanation:

Sample size = n = 200

Number of employees who prefer the new coffee = 148

The formula to calculate the point estimate is:

$p=\frac{x}{n}$

Here, x is the number of outcomes of our interest i.e. the number of employees who prefer the new coffee brand over the old one. Therefore,

x = 148

Using the values in the above formula, we get the point estimate as:

$p=\frac{148}{200} \\\\ p=0.74\\\\ p =74\%$

Therefore, the best point estimate for the population proportion is p = 74%

So, the correct statements for this scenario are:

• The value of x is 148
• The best point estimate of population proportion is 74%