Given the interval (1.2, 1.8), what is the point estimate and the margin of error?
Question
Solution 1
The point estimate is the midpoint of the interval, which can be calculated as the average of the two endpoints.
Step 1: Add the two endpoints together. 1.2 + 1.8 = 3
Step 2: Divide the sum by 2 to find the midpoint. 3 / 2 = 1.5
So, the point estimate is 1.5.
The margin of error is the distance Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
Given the interval (1.2, 1.8), what is the point estimate and the margin of error?
A 98% confidence interval is found to be (32, 42). What is the margin of error?A.10B.9.8C.4.9D.5SUBMITarrow_backPREVIOUS
Discuss the difference between point estimates and interval estimates. Explain which estimate is more accurate.
The 99% confidence interval to estimate the mean number of hours per week people watch Netflix is (20.5, 24.3). What value must be in the interval?
What is the margin of error if the confidence level being set is 92%1 point0.08%10%8%