There are 850 employees at a software company. The company’s CEO was interested in finding out if his employees prefer the new coffee brand provided in the break rooms or the old coffee brand.
A random sample of 200 employees was conducted, and 148 employees said that they prefer the new coffee brand over the old one.
The point estimate is calculated using the formula = .
Which statements are true about estimating the population proportion of employees who prefer the new coffee brand? Check all that apply.