Question

Suppose a sample of 1313 new car buyers is drawn. Of those sampled, 407 preferred foreign over domestic cars. Using the data, construct the 98

Answer 1

The sample of 1313 new car buyers contains 407 buyers who preferred foreign cars, which represents 31.06% of the total sample.

Explanation:

In this sample, 1313 new car buyers were surveyed to determine the percentage of buyers who preferred foreign cars. 407 of the surveyed buyers indicated that they preferred foreign cars, meaning that 31.06% of the sample preferred foreign cars.

To calculate this, the total number of buyers who preferred foreign cars (407) was divided by the total sample size (1313). This calculation yielded a result of 0.3106, which can be expressed as a percentage by multiplying by 100, resulting in 31.06%.