Practice problem
Sampling and Types of Studies in Statistics
"A researcher wants to know what percentage of bike workers at Bike Industry, a huge bike factory with 5,000 employees. were paid less than 20,000 dollars per year. 33% of a random sample of 120 workers at Bike Industry were paid less than 20,000 dollars per year. "
In the above scenario, what is the sample estimate and what is the population parameter?