What is a point estimate for p

Reference no: EM13177398

To estimate the proportion p of passengers who had purchased tickets for more than $400 over a year's time, an airline official obtained a random sample of 75. The number of those purchasing tickets for more than $400 was 45.

(a) What is a point estimate for p?

(b) Find a 98% confidence interval for p.

Reference no: EM13177398

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