Fifty people are selected randomly from a certain population and it is found that 12 people in the sample are over six feet tall. what is the best point estimate of the proportion of people in the population who are over 6 feet tall?
Accepted Solution
A:
Point estimate = Observations/Sample size = O/n In the current scenario, Observations (O) = 12 people with over 6 feet tall Sample size (n) = 50 people selected randomly
Therefore, Point estimate proportion of people over 6 feet tall = 12/50 = 0.24 or 24%