In a random sample of 765 adults in the United States, 122 of them said if they had to cover a $400 emergency expense, they would need to use a credit card and pay it back over time. a. what is the parameter being estimated b. what is the sample proportion (must show work)

In a random sample of 765 adults in the United States, 122 of them said if they had to cover a $400 emergency expense, they would need to use a credit card and pay it back over time. a. what is the parameter being estimated b. what is the sample proportion (must show work)

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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Question

In a random sample of 765 adults in the United States, 122 of them said if they had to cover a $400 emergency expense, they would need to use a credit card and pay it back over time.

a. what is the parameter being estimated

b. what is the sample proportion (must show work)

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