Suppose a random sample of 5804 physicians in Colorado showed that 3145 provided at least some charity care. Let p represent the proportion of all Colorado physicians who provide some charity care. Find a point estimate for p. Round your answer to four decimal places. Op=0.6650 Op=0.5419 Op=0.4581 Op=1.0000 p=0.0000
Suppose a random sample of 5804 physicians in Colorado showed that 3145 provided at least some charity care. Let p represent the proportion of all Colorado physicians who provide some charity care. Find a point estimate for p. Round your answer to four decimal places. Op=0.6650 Op=0.5419 Op=0.4581 Op=1.0000 p=0.0000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Please answer this question. Thx!
![**Sample Proportion Estimate Exercise**
In a study involving a random sample of 5804 physicians from Colorado, it was found that 3145 of these physicians provided at least some charity care. Let \( p \) represent the proportion of all Colorado physicians who provide some charity care.
Your task is to find a point estimate for \( p \). Round your answer to four decimal places.
**Choices:**
1. \( \hat{p} = 0.6650 \)
2. \( \hat{p} = 0.5419 \)
3. \( \hat{p} = 0.4581 \)
4. \( \hat{p} = 1.0000 \)
5. \( \hat{p} = 0.0000 \)
**Hint:** The point estimate for \( p \) can be calculated using the formula for the sample proportion:
\[ \hat{p} = \frac{\text{number of physicians providing charity care}}{\text{total number of physicians in the sample}} \]
In this case:
\[ \hat{p} = \frac{3145}{5804} \]
Calculate this ratio, then round your answer to four decimal places to find the correct \( \hat{p} \).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff6805edd-9acc-4ccd-9c7a-22df1558ea0b%2F8804e1a0-e1e9-4e67-b67b-5db03fd0a5be%2Fyc6boa9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Sample Proportion Estimate Exercise**
In a study involving a random sample of 5804 physicians from Colorado, it was found that 3145 of these physicians provided at least some charity care. Let \( p \) represent the proportion of all Colorado physicians who provide some charity care.
Your task is to find a point estimate for \( p \). Round your answer to four decimal places.
**Choices:**
1. \( \hat{p} = 0.6650 \)
2. \( \hat{p} = 0.5419 \)
3. \( \hat{p} = 0.4581 \)
4. \( \hat{p} = 1.0000 \)
5. \( \hat{p} = 0.0000 \)
**Hint:** The point estimate for \( p \) can be calculated using the formula for the sample proportion:
\[ \hat{p} = \frac{\text{number of physicians providing charity care}}{\text{total number of physicians in the sample}} \]
In this case:
\[ \hat{p} = \frac{3145}{5804} \]
Calculate this ratio, then round your answer to four decimal places to find the correct \( \hat{p} \).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman