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RUDIKE [14]
3 years ago
12

The results of a poll show that between 75% and 83% of consumers prefer Chip A to Chip B. What is the point estimate for the per

cent of consumers that prefer Chip A to Chip B?
79%
8%
75%
83%
Mathematics
2 answers:
Firdavs [7]3 years ago
8 0

Answer:

79%

Step-by-step explanation:

First of all, the point estimate is a value located in between the upper confidence limit and the lower confidence limit, it identifies a point in some parameter space.

This question provides us with an interval estimate which is a range of values used to estimate a population parameter.

Interval Estimate = 75% to 83%

75% = Lower confidence limit

83% = Upper confidence limit

Point estimate = middle value

= \frac{75+83}{2} = \frac{158}{2}

= 79%

OverLord2011 [107]3 years ago
3 0

Answer:79%

Step-by-step explanation:

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