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According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by...

According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance. Sample results, consistent with the CNBC report, showed 38 of 194 vehicles were not covered by insurance.

1. What is the point estimate of the proportion of vehicles not covered by insurance (to 4 decimals)?

Solutions

Expert Solution

Solution :

Given that,

x = 38

n = 194

1)

The point estimate of the proportion of vehicles not covered by insurance is,

= x / n

= 38 / 194

= 0.1959

orchestra answered 2 years ago
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