We are given that in a marketing survey, a random sample of 730 women shoppers revealed that 628 remained loyal to their favorite supermarket during the past year (i.e. did not switch stores).

Let p = proportion of all women shoppers who remain loyal to their favorite supermarket

Now, the point estimate for the population proportion (p) is represented by ;

Point estimate for p = $\hat p$ = $\frac{X}{n}$

where, X = Number of women shoppers who remained loyal to their favorite supermarket during the past year = 628

n = sample of women shoppers = 730

So, point estimate for p ( $\hat p$ ) = $\frac{X}{n}$

= $\frac{628}{730}$ = 0.86

4 0

3 years ago

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Answer:

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5 0

3 years ago

172.5/5.75 abcdefghijk

a_sh-v [17]

Answer:

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6 0

3 years ago