Question: In 2 0 0 7 , about 2 0 % of new - car purchases in Florida were financed with a home equity loan. (

In 2007, about 20% of new-car purchases in Florida were financed with a home equity loan. (Source: "Auto Industry Feels the Pain of Tight Credit, The New York Times, May 27,2008.] The ongoing process of new-cer purchases in Florida can be viewed as an infinite population. Define p as the proportion of the population of new-car purchases in Florida that are financed with a home equity loan. The true population value of p is

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