Answer: point estimate = 3.88
Margin of error = 0.63
Step-by-step explanation:
Confidence interval is written in the form,
(Point estimate - margin of error, Point estimate + margin of error)
The sample mean, x is the point estimate for the population mean. Let m represent the margin of error. Since the confidence interval is given as (3.25 , 4.51), it means that
x - m = 3.25
x + m = 4.51
Adding both equations, it becomes
2x = 7.76
x = 7.76/2
x = 3.88
Substituting x = 3.88 into x + m = 4.51, it becomes
3.88 + m = 4.51
m = 4.51 - 3.88
m = 0.63
2^n = 1/8
Try each one of the options in turn
The question marks are negatives right?
You just divide the 3.60 by the eight and then you get 45 cents for each box.
