The point estimate of the proportion of students who prefer the new schedule is 0.22.
Definition of Point Estimate
Point estimation is a technique used in statistics to determine a single value that will serve as the "best guess" or "best estimate" of an unidentified population characteristic, known as the point estimate. More precisely, in order to produce a point estimate, we apply a point estimator to the data.
For the confidence interval (0.195, 0.245), point estimate is calculated as follows,
p = (0.195 + 0.245) / 2
p = 0.44 / 2
p = 0.22
Hence, the point estimate of the proportion of students who prefer the new schedule comes out to be 2.2.
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