Question
5 4 Unexpected expense In a random sample 765 adults in the United States 322 say they could not cover a 400 unexpected expense without
5 4 Unexpected expense In a random sample 765 adults in the United States 322 say they could not cover a 400 unexpected expense without borrowing money or going into debt a What population is under consideration in the data set b What parameter is being estimated c What is the point estimate for the parameter d What is the name of the statistic we use to measure the uncertainty of the point estimate e Compute the value from part d for this context f A cable news pundit thinks the value is actually 50 Should she be surprised by the data g Suppose the true population value was found to be 40 If we use this proportion to recompute the value in part e using p 0 4 instead of p does the resulting value change much
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