Answer:
The point estimate for estimating the true proportion of college students who prefer that drink is 0.462.
Step-by-step explanation:
A confidence interval has two bounds, a lower bound and an upper bound.
The point estimate for the true proportion is the midpoint between these two bounds, that is, the lower bound added to the upper bound, and divided by 2.
In this problem, we have that:
Lower bound: 0.262
Upper bound: 0.662
Identify the point estimate for estimating the true proportion of college students who prefer that drink.
p = (0.262 + 0.662)/2 = 0.462
The point estimate for estimating the true proportion of college students who prefer that drink is 0.462.
