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 from the point estimate to either endpoint of the interval.

Step 1: Subtract the point estimate from one of the endpoints.
1.8 - 1.5 = 0.3

So, the margin of error is 0.3.

Question

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 from the point estimate to either endpoint of the interval.

Step 1: Subtract the point estimate from one of the endpoints.
1.8 - 1.5 = 0.3

So, the margin of error is 0.3.

Knowee AI · Accepted Answer

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 from the point estimate to either endpoint of the interval.

Step 1: Subtract the point estimate from one of the endpoints.
1.8 - 1.5 = 0.3

So, the margin of error is 0.3.

Given the interval (1.2, 1.8), what is the point estimate and the margin of error?