A Researcher Wants to Estimate the Proportion of the Population

question 8

Multiple Choice

A researcher wants to estimate the proportion of the population which possesses a given characteristic.A random sample of size 1800 is taken resulting in 450 items which possess the characteristic.The point estimate for this population proportion is _______.

• A)0.55
• B)0.45
• C)0.35
• D)0.25
• E)0.15

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.

Demand Factor

Refers to the measure of demand in a system or piece of equipment at its peak period or over a specified period of time, indicating the variation in usage.

Physicians' Treatment

The application of medical care, procedures, and advice given by doctors to patients to address health issues and improve well-being.