Determine the point estimate of the population mean and marg

Determine the point estimate of the population mean and margin of error for the confidence interval.

Lower bound is 20, upper bound is 26

a) The point of estimate of the population mean is_

b) The margin of error for the confidence interval is_

Solution

a) The point of estimate of the population mean is

mean=(20+26)/2 = 23

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b) The margin of error for the confidence interval is

mean - margin of error =20

So margin of error= 23-20=3

Determine the point estimate of the population mean and margin of error for the confidence interval. Lower bound is 20, upper bound is 26 a) The point of estima

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