The results of a poll show that between 75% and 83% of consumers prefer Chip A to Chip B. What is the point estimate for the percent of consumers that prefer Chip A to Chip B?

79%
8%
75%
83%

First of all, the point estimate is a value located in between the upper confidence limit and the lower confidence limit, it identifies a point in some parameter space.

This question provides us with an interval estimate which is a range of values used to estimate a population parameter.

Interval Estimate = 75% to 83%

75% = Lower confidence limit

83% = Upper confidence limit

Point estimate = middle value

= [tex]\frac{75+83}{2} = \frac{158}{2}[/tex]

= 79%

The results of a poll show that between 75% and 83% of consumers prefer Chip A to Chip B. What is the point estimate for the percent of consumers that prefer Chip A to Chip B? 79% 8% 75% 83%

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The results of a poll show that between 75% and 83% of consumers prefer Chip A to Chip B. What is the point estimate for the percent of consumers that prefer Chip A to Chip B?

79%
8%
75%
83%