Final answer:
To estimate the total number of phones needing repairs in Market City, multiply the total number of households (150,000) by the average number of repairs per household (1.05) to get 157,500 as the estimated number of repairs needed.
Step-by-step explanation:
The question asks for an estimate of the total number of phones that needed repairing last year in Market City, based on a sample survey from a local phone repair shop. To find this estimate, we can use the average number of phones that needed repair per household in our sample to estimate for the entire population of households in Market City.
We were provided with the average number of phones needing repair per household in our sample as 1.05, with a margin of error of ± 0.23. However, for the purposes of this calculation, we will consider only the point estimate of 1.05 phones per household.
To estimate the total number of phones needing repair in the entire city for last year, we multiply the number of households by the average number of repairs per household:
- Total estimated repairs = Number of households × Average repairs per household
- Total estimated repairs = 150,000 × 1.05
- Total estimated repairs = 157,500
Since we are not incorporating the margin of error into this calculation, this estimate reflects the point estimate rather than the potential range.