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The point estimate is a value that is used to see the characteristics of a population. Examples of point conjectures: mean, variance, and proportion. Suppose

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The point estimate is a value that is used to see the characteristics of a population. Examples of point conjectures: mean, variance, and proportion. Suppose a simple random sample is taken from 400 people and 'IEIU people answer Yes. a. Calculate the point guess for the proportion of answering Yes b. Determine the standard deviation of the proportion

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