Question: A local town is investigating whether they should replace the four-way stop signs at a certain intersection with a roundabout or stoplights. They hire a

A local town is investigating whether they should replace the four-way stop signs at a certain intersection with a roundabout or stoplights. They hire a statistical consultant to conduct a study on the opinions of residents who live nearby. The attached Excel file contains responses to the survey question, "Which type of intersection do you prefer?" The choices were "four-way stop signs," "stoplights," and "roundabout."

07-01-01-01AE-2022-3-data.xlsx

Use the data in the attached Excel file to find the point estimate for the proportion of all residents who prefer a roundabout, based on this survey. Round your answer to four decimal places.

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