Question

Use the given confidence interval limits to find the point estimate p^ and the margin of error E. 0.325

Answer 1

Answer:

0.350

Step-by-step explanation:

Confidence interval = point estimate ± margin of error

Point estimate = Confidence interval - margin of error

To get the margin of error, we will take the average of the difference of the interval given. Given the confidence interval 0.325<p<0.375

Margin of error = 0.375-0.325/2

Margin of error = 0.050/2

Margin of error = 0.025

Using the interval of 0.375

Point estimate = 0.375 - 0.025

Point estimate = 0.350