Xander,
Thank you for the quick response. What you wrote made sense, but I have unsatisfactory results. The output in the column is 110 for each point in my Shapefile Feature Class (which just happens to be the value of the pixels at the North Pole (90N, all E/W)). This is confusing because both layers are visualized on the map correctly and when I use the Info tool to id the values for a point over a pixel, it returns the correct values for both.
Yes, my raster is in North Polar Sterographic projection, with meters as linear units and degree as angular units. My Point Shapefile Properties lists GCS_WGS_1984 as the Geographic Coordinate System. In ArcMap, the Data Frame properties lists the coordinate system as Polar Stereographic with a Stereographic North Pole projection, and "GCS_ WGS_1984 and Datum: D_WGS_1984" listed as well. I've dropped a copy of the Shapefile in with a Projected Coordinate System of North Polar Sterographic for kicks, and that is visualized at the North Pole.
Is the problem that I can't sync Projected and Geographic Coordinate systems?
Again, any insight and direction that you can provide is most appreciated!
Cheers,
Alice