Final answer:
The estimated percent of the population in Fairbanks, Alaska, who shop by catalog is 24.5%, based on the state data provided. Specific demographic and logistical factors of Fairbanks could influence this estimate, and the confidence of our estimate would rely on the calculation of a confidence interval.
Step-by-step explanation:
To estimate the percent of the population in Fairbanks, Alaska, who shop by catalog, we look at the provided state data. Given that the overall percentage for Alaska is 24.5%, we can use this as a baseline for our estimation. However, certain factors specific to Fairbanks, such as demographics, access to physical stores, and delivery logistics, could shift this percentage slightly. Marketing data specifically about catalog shopping in Fairbanks would improve the estimate's accuracy. Nonetheless, 24.5% provides an initial reference point.
In general, when considering the confidence in such an estimation, we might discuss the concept of confidence intervals. If we were to calculate it, we'd use data to say that we are 95 percent confident that the actual percentage of people in Fairbanks who shop by catalog falls within a certain range around our estimate.