Provide an Appropriate Response $0.146$ B) $0.854$ C) $0.171$ D) $0.127$

question 90

Multiple Choice

Provide an appropriate response.
-A survey of 2060 musicians showed that 301 of them are left-handed. Find a point estimate for p, the population proportion of musicians that are left-handed.

• A) \(0.146\)
• B) \(0.854\)
• C) \(0.171\)
• D) \(0.127\)

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Definitions:

Quantity

The amount or number of a material or immaterial good that is measured or counted.

Market Price

The price at which goods and services are currently being sold in the market, influenced by supply and demand.

Equilibrium Price

The price point in the market at which the amount of goods being offered is equal to the amount of goods being sought.

Quantity Supplied

The volume of a commodity or service that sellers are ready and capable of providing at a specific price within a given period.