Question: One question (called NATFAREY) on the General Social Survey asks, “Are we spending too much, to little, or about the right amount on assistance to the poor?” Of the 1472 people who responded in the 2006, 1034 said “too little” 314 said “about right” and 124 said “ too much:

a. Find the point estimate of the population proportion who would answer “about right”

b. The margin of error of this estimate is 0.02. Explain what this represents