Question

He randomly selects a sample of 200 Darwin households. Forty households prefer the new package to all other package designs. The point estimate for this population proportion is

Answer 1

Answer: The point estimate for this population proportion is 0.2

Step-by-step explanation:

The point estimate for this population proportion is also referred to as the sample proportion. This is also known as the probability of success, p. The formula for determining p is expressed as

p = x/n

Where

n represents the number of samples

x represents the number of success

From the information given,

n = 200

x = 40

p = 40/200 = 0.2