Determine the point estimate.A random sample of 700 tax filers revealed that 637 utilized the standarddeduction.Find a point estimate (p-hat) for p, the population proportion of filers who use thestandard deduction.O 637O 1.10O 630.91Question 26/1

From the given information, the number of filers who used the standard deduction (x) is 637 and the…

Answered: Determine the point estimate. A random…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Determine the point estimate. A random sample of 700 tax filers revealed that 637 utilized the standard deduction. Find a point estimate (p-hat) for p, the population proportion of filers who use the standard deduction. O 637 O 1.10 O 63 0.91 Question 26/1