Problem

Determine the point estimate of the population mean and margin of error for the confidence interval. Lower bound is 19 , upper bound is 31 . The point estimate of the population mean is

Solution

Step 1 :Given the lower bound of the confidence interval is 19 and the upper bound is 31.

Step 2 :Calculate the point estimate of the population mean, which is the average of the lower and upper bounds of the confidence interval. This is calculated as \((19 + 31) / 2 = 25.0\).

Step 3 :Calculate the margin of error, which is the difference between the point estimate and one of the bounds. This is calculated as \(25.0 - 19 = 6.0\).

Step 4 :Final Answer: The point estimate of the population mean is \(\boxed{25.0}\) and the margin of error for the confidence interval is \(\boxed{6.0}\).

From Solvely APP
Source: https://solvelyapp.com/problems/7702/

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