Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

To obtain the best point estimate of the proportion of all adults who say they are underpaid, divide the number of adults who stated they

To obtain the best point estimate of the proportion of all adults who say they are underpaid, divide the number of adults who stated they were underpaid by the total number of adults surveyed, multiply by 100, and convert to a percentage. Step 1: Divide the number of adults who reported being underpaid by the total number of adults polled. 284 557 = 0.509866220735786 Step 2: Multiply by 100 to get a percentage. 0.509866220735786 x 100 = 50.9866220735786% Rounding to the nearest full number yields 51%. So, the best estimate of the percentage of all adults who believe they are underpaid is 51%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions

Question

9-1 Describe the performance appraisal process.

Answered: 1 week ago