Answer:
3/4 of the people randomly asked if they rented or owned their own home, are home owners.
Step-by-step explanation:
1. Let's review the information given to us for solving the question:
Number of people asked if they rented or owned their own home = 32
Number of people who said they rented = 8
2. Let's obtain a point estimate of the proportion of home owners
For finding the home owners, we make this calculation:
Number of people asked if they rented or owned their own home - Number of people who said they rented
32 - 8 = 24
And now let's calculate the proportion:
Number of people who said they are home owners /Number of people asked if they rented or owned their own home
24/32 and dividing by 8 at the numerator and the denominator we have:
3/4
