Question

A random sample of n = 400 observations from a

binomial population produced x = 162 successes.
Give the best point estimate for the binomial proportion
p. (Round your answer to three decimal place)

Answer 1

The best point estimate for the binomial proportion, p, is 0.405.

Step-by-step explanation:

The best point estimate for the binomial proportion, p, can be found by dividing the number of successes, x, by the sample size, n. In this case, x = 162 and n = 400. So, the point estimate for p is:

p' = x/n = 162/400 = 0.405

The best point estimate for the binomial proportion, p, is 0.405.