Question

Suppose a sample of 1453 new car buyers is drawn. Of those sampled, 363 preferred foreign over domestic cars. Using the data, estimate the proportion of new car buyers who prefer foreign cars. Enter your answer as a fraction or a decimal number rounded to three decimal places

Answer 1

"0.250" is the appropriate answer.

Explanation:

Given:

New car sample,

= 1453

Preferred foreign,

= 363

Now,

The amount of new automobile purchasers preferring foreign cars will be approximated as:

=
`(363)/(1453)`

=
`0.250`