In a sample of 500 individuals for liking a newly launched product, 225 gave a positive response, 75 were non-committal and 200 gave a negative response. Then the point estimate of the population proportion for positive response is :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → $\frac{9}{20}$
The point estimate of a population model,
$\hat p=\frac{x}{n}$
[$n$ = Total sample size]
[$x$ = No. of individuals]
$=\frac{225}{500}=\frac{9}{20}$