According to the Business and Financial Times newspaper, through January 25, 2018, majority of companies listed on the Ghana Stock Exchange reporting profits had beaten estimates. A sample of 162 companies showed 104 beat estimates, 29 matched estimates, and 29 fell short. What is the point estimate of the proportion that didn't beat their estimated profit? A. 0.179

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.4: Collecting Data
Problem 8E
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According to the Business and Financial Times newspaper, through January 25, 2018, majority of companies listed on the Ghana Stock Exchange reporting profits had beaten estimates. A sample of 162 companies showed 104 beat estimates, 29 matched estimates, and 29 fell short. What is the point estimate of the proportion that didn't beat their estimated profit?

  • A. 0.179
  • B. 0.358
  • C. 0.821
  • D. 0.642
  • E. 0.189
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