Determine the point estimate of the population mean and margin of error for the confidence interval. Lower bound is 22, upper bound is 28. The point estimate of the population mean is
Determine the point estimate of the population mean and margin of error for the confidence interval. Lower bound is 22, upper bound is 28. The point estimate of the population mean is
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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![**Text Transcription:**
Determine the point estimate of the population mean and margin of error for the confidence interval.
Lower bound is 22, upper bound is 28.
The point estimate of the population mean is [ ].
**Explanation:**
This text is a prompt to calculate the point estimate of the population mean for a given confidence interval. The confidence interval is defined by a lower bound of 22 and an upper bound of 28.
To find the point estimate of the population mean, you calculate the midpoint of the confidence interval using the formula:
\[ \text{Point Estimate} = \frac{\text{Lower Bound} + \text{Upper Bound}}{2} = \frac{22 + 28}{2} = 25 \]
Thus, the point estimate of the population mean is 25.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca98936e-33c7-4402-95ae-aeafe8e3f8b8%2Ff583cfa7-f4ab-4562-be33-f6f16122604e%2Fjdl5g8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Text Transcription:**
Determine the point estimate of the population mean and margin of error for the confidence interval.
Lower bound is 22, upper bound is 28.
The point estimate of the population mean is [ ].
**Explanation:**
This text is a prompt to calculate the point estimate of the population mean for a given confidence interval. The confidence interval is defined by a lower bound of 22 and an upper bound of 28.
To find the point estimate of the population mean, you calculate the midpoint of the confidence interval using the formula:
\[ \text{Point Estimate} = \frac{\text{Lower Bound} + \text{Upper Bound}}{2} = \frac{22 + 28}{2} = 25 \]
Thus, the point estimate of the population mean is 25.
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