Determining estimate of proportion of vehicles, Basic Statistics

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Determining estimate of proportion of vehicles

Assignment:

According to statistics reported on CNBC, a surprising number of motor vehicles are not covered by insurance (CNBC, February 23, 2006). Sample results, consistent with the CNBC report, showed 46 of 200 vehicles were not covered by insurance.

a. What is the point estimate of the proportion of vehicles not covered by insurance?
b. Develop a 95% confidence interval for the population proportion.

Provide complete and step by step solution for the question and show calculations and use formulas.

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