Catherine Chao, Director of Marketing Research, is evaluating consumer acceptance of a new toothpaste package.She randomly selects a sample of 200 households.Forty households prefer the new package to all other package designs.The point estimate for this population proportion is _______.
A)0.20
B)0.25
C)0.40
D)0.45
E)0.55

Question

Quizplus · Accepted Answer

The point estimate for the population proportion is calculated by dividing the number of households that prefer the new package (40) by the total number of households sampled (200), which gives 0.20 (40/200 = 0.20).

Catherine Chao, Director of Marketing Research, Is Evaluating Consumer Acceptance