Estimated Population Proportion of Favoring More Strict Environmental Protection Measures | CFA® Level 1 Exam | Test Prep

Estimated Population Proportion

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Question

In a sample of 2,000 persons, 1,600 favored more strict environmental protection measures. What is the estimated population proportion?

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A. B. C. D. E.

E

Population proportion is given by 1600/2000 = 0.80

To estimate the population proportion based on the sample provided, we can use the formula:

Estimated Population Proportion = (Number of individuals in the sample with the characteristic of interest) / (Total sample size)

In this case, the number of individuals in the sample who favored more strict environmental protection measures is given as 1,600, and the total sample size is given as 2,000.

Plugging these values into the formula:

Estimated Population Proportion = 1,600 / 2,000 = 0.8

Therefore, the estimated population proportion is 0.8, or 80%.

The correct answer is E. 0.80 or 80%.