In a survey of 300 individuals for their response for a new product, 165 gave a positive response, 25 were non-committal and the rest gave a negative response. The point estimate of the proportion of the population who gave a positive response is :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 0.55
The point estimate of the proportion of population,
$P=\frac{\text{Number of Positive Responses}}{\text{Total Individual surveyed}}$
$=\frac{165}{300}=0.55$