Answer: point estimate = 0.67 and Margin of error = 0.03 .
Step-by-step explanation:
For confidence interval,
Lower limit = point estimate - margin of error
Upper limit = point estimate + margin of error
Given confidence interval: (0.64, 0.70)
i.e. Lower limit = 0.64
Upper limit = 0.70
i.e. point estimate - margin of error= 0.64 (i)
point estimate + margin of error= 0.70 (ii)
Adding (i) and (ii) , we get
2( point estimate) = 1.34
⇒ point estimate = 0.67
Eliminate (i) from (ii) , we get
2( Margin of error ) = 0.06
⇒ Margin of error = 0.03
Hence, point estimate = 0.67 and Margin of error = 0.03 .
