Answer:
The point estimate for p is 0.2043.
Step-by-step explanation:
The point estimate for the population proportion of accidents that involved faulty equipment is the number of acidents which involved faulty equipment divided by the number of accidents surveyed.
In this question:
700 accidents surveyed
143 involved faulty equipment
143/700 = 0.2043
The point estimate for p is 0.2043.
