100 and 110.
You would have to add 100 to both sides. This is because to complete the square, you need to take half of the x term and square it.
Answer:
Step-by-step explanation:
Answer:
The point estimate used was of $69,821.
The error bound is of $101.
Step-by-step explanation:
A confidence interval has two bounds, a lower bound and an upper bound.
A confidence interval is symmetric, which means that the point estimate used is the mid point between these two bounds, that is, the mean of the two bounds.
The error bound is half the difference between these two values.
In this question:
90% confidence that the mean household income in the U.S. falls between $69,720 and $69,922.
Point estimate:
(69720+69922)/2 = 69821
The point estimate used was of $69,821.
Error bound:
(69922 - 69720)/2 = 101
The error bound is of $101.
