Question

According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance (CNBC, February 23, 2006). Sample results, consistent with the CNBC report, showed 46 of 200 vehicles were not covered by insurance.What is the point estimate of the proportion of vehicles not covered by insurance?

Answer 1

So the point estimate of the proportion of vehicles not covered by insurance is 46/200 = 0.23 or 23%. .The point estimate of the proportion of vehicles not covered by insurance is 23%.

Step-by-step explanation:

The point estimate of the proportion of vehicles not covered by insurance can be calculated by dividing the number of vehicles not covered by insurance by the total number of vehicles in the sample.

In this case, the sample results showed that 46 out of 200 vehicles were not covered by insurance.

So the point estimate of the proportion of vehicles not covered by insurance is 46/200 = 0.23 or 23%.