Determine the point estimate of the population mean and margin of error for the confidence interval.Lower bound is 16, upper bound is 26.The point estimate of the population mean is A trade magazine routinely checks the drive-through service times of fast-food restaurants. A 90% confidence interval that results from examining 500 customers in one fast-food chain's drive-through has a lower bound of 165.5 seconds and an upper bound of168.7 seconds. What does this mean?Choose the correct answer below.O A. There is a% probability that the mean drive-through service time of this fast-food chain is betweenseconds andseconds.B.The mean drive-through service time of this fast-food chain isseconds% of the time.O C. One can be% confident that the mean drive-through service time of this fast-food chain is betweenseconds andsecondsO D. One can be% confident that the mean drive-through service time of this fast-food chain isseconds.

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Answered: Determine the point estimate of the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Determine the point estimate of the population mean and margin error for the confidence interval. Lower bound is 16, upper bound is 26. The point estimate of the population mean is