In a randomly selected sample of 100 students at a University, 81 of them had access to a computer at home. Give the value of the standard error for the point estimate.

The value of the standard error for the point estimate is of 0.0392.

Step-by-step explanation:

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean and standard deviation , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation .

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean and standard deviation

In a randomly selected sample of 100 students at a University, 81 of them had access to a computer at home.

This means that

Give the value of the standard error for the point estimate.

This is s. So

The value of the standard error for the point estimate is of 0.0392.

Multiply both sides by the reciprocal (-8/7). You would get 40/7 or 5.71428571