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 is19, upper bound is 27

The point estimare of the population mean is ___

The margin of error for the confidence interval is ___

Solution

Margin of error = ( Upper bound- Lower Boound) / 2 = (27-19)/2 = 4

Point of estimate = Lower Bound + Margin of error = 19+4 = 23