800 randomly selected adults were surveyed and 35% respondedthat they intend to
ID: 2914229 • Letter: 8
Question
800 randomly selected adults were surveyed and 35% respondedthat they intend to spend more money this holiday season thanlast. What is the point estimate of the percentage of adults in thepopulation who intend to spend more money this holiday season thanlast holiday season? 800 randomly selected adults were surveyed and 35% respondedthat they intend to spend more money this holiday season thanlast. What is the point estimate of the percentage of adults in thepopulation who intend to spend more money this holiday season thanlast holiday season?Explanation / Answer
I hesitate to answer, because this seems like a trick, but Ithink the point estimate must be .35 or 35 %. by asking a sample of 800 people, we estimate that the actualpercent of the much larger population is the same - that is, thatthe 800 people in the sample are representative of the wholepopulation.Related Questions
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