Catherine Chao, Director of Marketing Research, Is Evaluating Consumer Acceptance

Multiple Choice

Catherine Chao, Director of Marketing Research, is evaluating consumer acceptance of a new toothpaste package.She randomly selects a sample of 200 households.Forty households prefer the new package to all other package designs.The point estimate for this population proportion is _______.

A) 0.20
B) 0.25
C) 0.40
D) 0.45
E) 0.55