Obtain a point estimate 14

Statistics
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33 randomly picked people were asked if they rented or owned their own home, 15 said they rented. Obtain a point estimate of the proportion of home owners.   

Jul 10th, 2015

Thank you for the opportunity to help you with your question! the solution is as such:

a point estimate of the proportion of home owners = ( 33 - 15)/ 33 = 18/ 33 = 0.545

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Jul 10th, 2015

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