asked 38.7k views
0 votes
For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding. In a marketing survey, a random sample of 1002 supermarket shoppers revealed that 264 always stock up on an item when they find that item at a real bargain price. (a) Let p represent the proportion of all supermarket shoppers who always stock up on an item when they find a real bargain. Find a point estimate for p. (Enter a number. Round your answer to four decimal places.)

asked
User ITALIYA
by
7.5k points

1 Answer

5 votes

Answer:

p = 0.263473

Explanation:

264/1002 = 0.263473

answered
User Omar Abdelhady
by
8.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.