Question

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 vacation out of state for at least one week during this period. Is this a point estimate or an interval estimate? Explain.

Answer 1

This looks to me like a point estimate.

http://davidmlane.com/hyperstat/B12386.html

Answer 2

[AI-generated answer — Explain Bot]

This is a point estimate. A point estimate is a single value that is used to estimate a population parameter. In this case, the personnel director is using the information from the simple random sample of 200 production workers to estimate the proportion of all production workers who plan to vacation out of state during the vacation period. The estimated proportion of 38% is a point estimate of this population parameter.