Question

The American Association of Individual Investors (AAII) polls it subscribers on a weekly basis to determine the number who are bullish, bearish, or neutral on the short term prospects for the stock market. Their findings for the week ending March 2, 2014, are as follows: Bullish 409 Neutral 299 Bearish 291 Develop a point estimate of the following population parameters. The proportion of all AAII subscribers who are bullish on the stock market.

Answer 1

Answer: The proportion of all AAII subscribers who are bullish on the stock market is 0.4094

Explanation:

Given the data in the question;

The total number of American Association of Individual Investors in stock market are;

409 + 299 + 291 = 999

The proportion of all AAII subscribers who are bullish on the stock market will be:

Market = 409 / 999

= 0.4094

Therefore, The proportion of all AAII subscribers who are bullish on the stock market is 0.4094