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An economist is studying the utilization of unemployment benefits in a town. Out of an adult population of 100, suppose that 20 of the people
An economist is studying the utilization of unemployment benefits in a town. Out of an adult population of 100, suppose that 20 of the people are receiving these benefits. The economist does not know this; so, she takes an independent sample of 20 people to investigate. In this sample, she finds that 7 are receiving the benefits.
What is the population proportionphere?
What would the economist estimate the population proportionpto be?
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