A marketing research company is estimating which of two soft drinks college students prefer. A random sample of n college students produced the following 95% confidence interval for the proportion of college students who prefer drink A: (.453, .493). Identify the point estimate for estimating the true proportion of college students who prefer that drink.
A) .493
B) .453
C) .02
D) .473

Question

Quizplus · Accepted Answer

The point estimate for the proportion is the midpoint of the confidence interval, calculated as (0.453 + 0.493) / 2 = 0.473.

A Marketing Research Company Is Estimating Which of Two Soft