A certain corporation listed their sales in 100s as 1,700. What was their actual volume in thousands?
1 answer:
Answer: 170
Step-by-step explanation:
Based on the problem, you know that this corporation listed their sales in 100s as 1,700. This means that, to calculate their actual volume in thousands, you need to multiply 1,700 by 100 and divide the product by 1,000.
Let be "x" their actual volume in thousands.
Therefore, applying the corresponding procedure, you get that the value of "x" is the following:
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Answer:
The point estimate for p is 0.86.
Step-by-step explanation:
We are given that in a marketing survey, a random sample of 730 women shoppers revealed that 628 remained loyal to their favorite supermarket during the past year (i.e. did not switch stores).
Let p = <u><em>proportion of all women shoppers who remain loyal to their favorite supermarket</em></u>
Now, the point estimate for the population proportion (p) is represented by ;
Point estimate for p = =
where, X = Number of women shoppers who remained loyal to their favorite supermarket during the past year = 628
n = sample of women shoppers = 730
So, <u>point estimate for p</u> () =
= = <u>0.86</u>