Question

A research center conducted a telephone survey of 2,000 adults to learn about the major economic concerns for the future. The survey results showed that 1,620 of the respondents think the future health of Social Security is a major economic concern. (a) What is the point estimate of the population proportion of adults who think the future health of Social Security is a major economic concern

Answer 1

0.81

Explanation:

Find the point estimate by dividing the number of respondents that thought it was a major economic concern by the total number of people in the survey:

1,620/2,000

= 0.81

So, the point estimate is 0.81