A sample of 100 LED TVs is taken at random. Out of 100 we found 35 TVs are of Sony, 50 are of LG and 15 are of Samsung. The point estimate of population proportion of LG is
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 0.5
The point estimate of a population proportion is the sample proportion:
\( \displaystyle \hat{p}=\frac{\text{number of LG TVs in the sample}}{\text{sample size}} \)
\( \displaystyle \hat{p}=\frac{50}{100}=0.5 \)