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An analysis of 99 Wall Street traders showed that 32 of their stock picks beat the market average. What is the estimate of the population proportion

Sagot :

Answer:

The estimate of the population proportion is 0.3232.

Step-by-step explanation:

Estimate of the population proportion:

The estimate is the sample proportion, which is the number of desired outcomes divided by the number of total outcomes.

In this question:

32 out of 99, so:

[tex]p = \frac{32}{99} = 0.3232[/tex]

The estimate of the population proportion is 0.3232.

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