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Point Estimate

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A 90% confidence interval for the mean percentage of airline reservations being canceled on the day of the flight is (3.6%, 6.1%). What is the point estimator of the mean percentage of reservations that are cancelled on the day of the flight?

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Margin of error = (6.1 - 3.6)/2 = 1.25

Therefore, point ...

Solution Summary

The solution provides step by step method for the calculation of point estimate of the mean from confidence interval. Formula for the calculation is also included.