Final answer:
To find the point estimate, divide the number of students who have previously owned a motorcycle by the total number of students surveyed. The point estimate is approximately 0.232.
Step-by-step explanation:
To find the point estimate for the population proportion of students who have previously owned a motorcycle, we divide the number of students who have previously owned a motorcycle by the total number of students surveyed. In this case, the number of students who have previously owned a motorcycle is 110, and the total number of students surveyed is 475. So the point estimate is:
Point estimate = Number of students who have previously owned a motorcycle / Total number of students surveyed
Point estimate = 110 / 475
Point estimate ≈ 0.232
Therefore, the point estimate for the population proportion of students who have previously owned a motorcycle is approximately 0.232.