The following confidence interval gives a range of likely values for the average height of all American adult women.
Determine the point estimate
So, we have
Step 1 :Define the lower and upper bounds of the confidence interval as 58 and 64 respectively.
Step 2 :Calculate the point estimate by adding the lower bound and the upper bound and dividing by 2. This gives a point estimate of 61.0.
Step 3 :Calculate the margin of error by subtracting the point estimate from the upper bound. This gives a margin of error of 3.0.
Step 4 :The point estimate
Step 5 :So, we have