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    3. 28 randomly picked people were asked if they rented or owned their own home, 20 said they rented. Obtain a point estimate of the proportion of home owners.
    28 randomly picked people were asked if they rented or owned their own home, 20 said they rented. Obtain a point estimate of the proportion of home owners.

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    0  Views: 3569 Answers: 1 Posted: 12 years ago
    Tags: margin of error statistics
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      8/28 = 28.57% own homes. 

      12 years ago. Rating: 1
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        doolittle

        that is a pecentage..is that what s/he meant by point estimate? WoW I learned something today! Groovy!
        commented 12 years ago


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