Historically, 40% of adults in the United States have said that they could not cover a $400 unexpected expense without borrowing money or going into debt. In a recent 2021 random sample of 765 adults in the United States, 322 say they could not cover a $400 unexpected expense without borrowing money or going into debt. What is the point estimate? 0.421 0.400 0.021 O $400

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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Historically, 40% of adults in the United States have said that they could not cover a
$400 unexpected expense without borrowing money or going into debt. In a recent
2021 random sample of 765 adults in the United States, 322 say they could not
cover a $400 unexpected expense without borrowing money or going into debt.
What is the point estimate?
0.421
0.400
0.021
$400
Transcribed Image Text:Historically, 40% of adults in the United States have said that they could not cover a $400 unexpected expense without borrowing money or going into debt. In a recent 2021 random sample of 765 adults in the United States, 322 say they could not cover a $400 unexpected expense without borrowing money or going into debt. What is the point estimate? 0.421 0.400 0.021 $400
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