Question

The following confidence interval is obtained for a population proportion, p: (0.688, 0.724). Use these confidence interval limits to find the point estimate, p

Answer 1

The point estimation based on the given interval limits is 0.706.

What is a point estimate?

The use of sample data to compute a single value that will serve as a "best guess" or "best estimate" of an unknown population characteristic is referred to as point estimation.

The point estimation based on the given interval limits is,

Point Estimate = (0.688+0.724)/2 = 0.706

Hence, The point estimation based on the given interval limits is 0.706.

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