During the month of July, an auto manufacturer gives its production employees a vacation period so it can tool up for the new model run.In surveying a simple random sample of 200 production workers, the personnel director finds that 38% of them plan to vation out of state for at least one week during this period. Is this a point estimate or an interval estimate? Expllain.

In this case, the information provided is a point estimate. A point estimate is a single value calculated from a sample that is used to estimate an unknown population parameter. In this scenario, the personnel director surveyed a random sample of 200 production workers and found that 38% of them plan to vacation out of state. The 38% is a specific value estimated from the sample and represents the estimated proportion of the entire population of production workers who plan to vacation out of state during the vacation period.

To obtain an interval estimate, a range of values is provided along with a level of confidence. This range accounts for the margin of error and gives a measure of the uncertainty associated with the estimate. In this case, there is no mention of a range or a level of confidence; only a single value of 38% is given. Therefore, it is a point estimate.