SOLUTION: 1. In a survey, 40 randomly picked people were asked if they rented or owned their own home, 15 said they rented. Obtain a point estimate of the true proportion of home owners. Rou
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Question 929988: 1. In a survey, 40 randomly picked people were asked if they rented or owned their own home, 15 said they rented. Obtain a point estimate of the true proportion of home owners. Round the answer to nearest thousandth
None of the above
0.273
0.375
0.725
0.455
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
p(homeowners) = 25/40 = .625
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