You can put this solution on YOUR website! **Understanding Point Estimates**
A point estimate is a single value that best approximates the population parameter. It's the midpoint of the confidence interval.
**Calculation**
To find the point estimate, you take the average of the lower and upper bounds of the confidence interval.
**Applying the Formula**
Point Estimate = (Lower Bound + Upper Bound) / 2
Point Estimate = (86.5 + 97.8) / 2
Point Estimate = 184.3 / 2
Point Estimate = 92.15
**Answer**
The point estimate is 92.15.
