Fifty People Are Selected Randomly from a Certain Population and It

question 131

Multiple Choice

Fifty people are selected randomly from a certain population and it is found that 12 people in the sample are over six feet tall. What is the best point estimate of the proportion of people in the population who are over 6
Feet tall?

• A) 0.76
• B) 0.18
• C) 0.24
• D) 0.50

---

Definitions:

Direct Quotation

A foreign exchange rate quoted as the domestic currency per unit of the foreign currency.

Indirect Quotation

A method of quoting exchange rates in terms of how much foreign currency can be exchanged for a unit of domestic currency.

Foreign Currency

The currency used in a country other than the one where a company or individual is located, impacting financial transactions and reports when exchanged.

Canadian Dollars

The official currency of Canada, often represented by the symbol CAD.