Questions: Let p be the population proportion for the following condition. Find the point estimates for p and q. A study of 4709 adults from country A, 2784 think mainstream media is more interested in making money than in telling the truth. The point estimate for p, p̂, is . (Round to three decimal places as needed.)

Let p be the population proportion for the following condition. Find the point estimates for p and q.

A study of 4709 adults from country A, 2784 think mainstream media is more interested in making money than in telling the truth.

The point estimate for p, p̂, is . (Round to three decimal places as needed.)
Transcript text: Let $p$ be the population proportion for the following condition. Find the point estimates for $p$ and $q$. A study of 4709 adults from country $\mathrm{A}, 2784$ think mainstream media is more interested in making money than in telling the truth. The point estimate for $p, \hat{p}$, is $\square$ . (Round to three decimal places as needed.)
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Solution

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Solution Steps

Step 1: Calculate the Point Estimate for \( p \)

To find the point estimate for the population proportion \( p \), we use the formula:

\[ \hat{p} = \frac{x}{n} \]

where:

  • \( x = 2784 \) (the number of adults who think mainstream media is more interested in making money)
  • \( n = 4709 \) (the total number of adults surveyed)

Calculating \( \hat{p} \):

\[ \hat{p} = \frac{2784}{4709} \approx 0.591 \]

Step 2: Calculate the Point Estimate for \( q \)

The point estimate for \( q \) (the proportion of adults who do not think mainstream media is more interested in making money) is given by:

\[ \hat{q} = 1 - \hat{p} \]

Substituting the value of \( \hat{p} \):

\[ \hat{q} = 1 - 0.591 \approx 0.409 \]

Final Answer

The point estimates are:

  • The point estimate for \( p \), \( \hat{p} \), is \( \boxed{0.591} \).
  • The point estimate for \( q \), \( \hat{q} \), is \( \boxed{0.409} \).
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