Question

A 90% confidence interval for the mean percentage of airline reservations being canceled on the day of the flight is (1.1%, 3.4%). what is the point estimator of the mean percentage of reservations that are canceled on the day of the flight?

Answer 1

The point estimate would be 2.25%.

Confidence intervals are centered around a point estimate; that is, the point estimate is in the very middle of the confidence interval. We can find the point estimate by averaging both ends of the confidence interval together:

(1.1+3.4)/2 = 2.25.