Question

A marketing team for a fast food chain finds that customers prefer one of four items offered on the menu. The table shows the data collected. What is the estimated population proportion of the most preferred menu item from the sample?

Answer 1

It can be deduced that the population proportion formulated shows that the proportion is 3/5.

How to calculate the population proportion

Your information is incomplete as the table isn't given. Therefore, an overview will be given. It should be noted that a population proportion simply means a fraction of the population that has a particular characteristic.

In this case, let's assume that the population is 2000 and the most preferred menu item is chosen by 1200 people. Therefore, the population proportion of the most preferred menu item will be:

= 1200/2000

= 3/5.

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