Out of 600 people sampled, 120 said they prefer Coke over Pepsi. What is the point estimate for the proportion of ALL people that prefer Coke over Pepsi? ˆpp^ =  What is the standard error for the sampling proportions in this case? SE=  Give your answers as decimals, to three places.

icon
Related questions
Question

Out of 600 people sampled, 120 said they prefer Coke over Pepsi. What is the point estimate for the proportion of ALL people that prefer Coke over Pepsi?

ˆpp^ = 

What is the standard error for the sampling proportions in this case?

SE= 

Give your answers as decimals, to three places.

Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.