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Determine the point estimate of the population proportion for the sample provided. Lower bound: 0.152, Upper bound: 0.212, n=1000 .182 .03 182 .249

Answer :

The point estimate of the population proportion, based on the bounds provided, is calculated as the average of the lower and upper bounds. In this case, that average is 0.182.

In statistics, a point estimate is the single best prediction of a given quantity of interest about the population. In this case, you're looking to estimate the population proportion based on a given sample. The sample proportion can be seen as the point estimate in the scenario you provided.

Typically, the point estimate of a population proportion is calculated by taking the average of the lower and upper bounds. So, for your specific situation:

(Lower bound + Upper bound) / 2 = (0.152 + 0.212) / 2 = 0.182

So the point estimate of the population proportion for your sample would be 0.182 in this case. Please remember, this is an estimate and might not represent the actual population proportion.

To learn more about population, refer below:

https://brainly.com/question/27779235

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