Question

in a representative sample, 466 out of 1165 american adults said they were not financially prepared for retirement. find the sample proportion p - hat? your answer

Explanation:

Step1: Recall the formula for sample proportion

The formula for sample proportion $\hat{p}$ is $\hat{p}=\frac{x}{n}$, where $x$ is the number of successes (in this case, the number of adults not financially prepared) and $n$ is the sample size.

Step2: Identify the values of $x$ and $n$

Here, $x = 466$ and $n=1165$.

Step3: Calculate the sample proportion

Substitute the values into the formula: $\hat{p}=\frac{466}{1165}$.
$$\hat{p}=\frac{466}{1165}\approx0.4$$

Answer:

The sample proportion $\hat{p}$ is approximately $0.4$.