SOLUTION: What is the best point estimate for the population proportion? Explain why that point estimate is best.

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Question 248584: What is the best point estimate for the population proportion? Explain why that point estimate is best.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What is the best point estimate for the population proportion? Explain why that point estimate is best.
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p = 1/2 because it is not biased toward success or failure.
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Cheers,
Stan H.