A marketing research company is estimating which of two soft drinks college students prefer. A random sample of n college students produced the following 99% confidence interval for the proportion of college students who prefer drink A: (.265, .545). Identify the point estimate for estimating the true proportion of college students who prefer that drink.
A) .405
B) .14
C) .265
D) .545

Question

Quizplus · Accepted Answer

The point estimate for the proportion is the midpoint of the confidence interval, calculated as (0.265 + 0.545) / 2 = 0.405.

A Marketing Research Company Is Estimating Which of Two Soft