Question

An analysis of 99 Wall Street traders showed that 32 of their stock picks beat the market average. What is the estimate of the population proportion

Answer 1

Answer:

The estimate of the population proportion is 0.3232.

Step-by-step explanation:

Estimate of the population proportion:

The estimate is the sample proportion, which is the number of desired outcomes divided by the number of total outcomes.

In this question:

32 out of 99, so:

$p = \frac{32}{99} = 0.3232$

The estimate of the population proportion is 0.3232.