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Question 15 of 18 S This test: 80 point(s) possible This question: 5 point(s) possible Find p, the point estimate of p. 2010, a survey

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Question 15 of 18 S This test: 80 point(s) possible This question: 5 point(s) possible Find p, the point estimate of p. 2010, a survey of 200 homes in a region found that 100 had overestimated market values. Suppose you want to estimate p, the true proportion of homes in this region with market values that are overestimated Describe the sampling distribution of p. Find a 99% confidence interval for p. . Give a practical interpretation of the confidence interval, part c. e. Suppose a researcher claims that p = 0.34. Is the claim believable? Explain. a. The point estimate is . (Type an integer or a decimal.) b. What is the correct description for the sampling distribution of p? O A. The sampling distribution of p is skewed to the right. O B. The sampling distribution of p is approximately normal. O C. The sampling distribution of p is skewed to the left. O D. The sampling distribution of p is unknown. c. The 99% confidence interval is (Round to two decimal places as needed.) d. Interpret the confidence interval. One can be % confident that the interval contains the true value of V e. Is the claim that p = 0.34 believable

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