Question

Out of a random sample of 2,000 people in the United States, 168 reported making more than $75,000 a year. Calculate the sample proportion LaTeX: \hat{p}p ^ of people in the United States who earn more than $75,000 each year. Give your answer accurate to three decimal places in decimal form. (Example: 0.398)

Answer 1

The sample proportion is 8.4%.

Explanation:

The sample proportion f people in the United States who earn more than $75,000 each year is the number of people who reported earning more than $75,000 each year divided by the size of the sample.

The proportion is:

`P = (168)/(2000) = 0.084`

The sample proportion is 8.4%.