Question

In a survey of 2383 us adults, 1073

think there should be more government
regulation of banks
a) Find the point estimate for the population
proportion of U.S. Adults who think there
should be more regulation of banks.

Answer 1

The point estimate for the population of adults who think there should be more regulation of banks is 0.45

Step-by-step explanation:

Given:

Total number of adults = 2383

People thinking that there should be more regulation of banks = 1073

Point estimate of the population = ?

Point estimate can be calculated as:

`Point estimate = (1073)/(2383) \\\\Point estimate = 0.45`

Therefore, the point estimate for the population of adults who think there should be more regulation of banks is 0.45