Given a lower bound of 1, upper bound of 5, and sample size of 1200, calculate the point estimate and margin of error
Given a lower bound of 1, upper bound of 5, and sample size n of 1200, calculate the point estimate and margin of error
Calculate the point estimate:
Point Estimate =
Upper Bound + Lower Bound
2
Point Estimate =
5 + 1
2
Point Estimate =
6
2
Point Estimate = 3
Calculate the Margin of Error:
Margin of Error = Upper Bound - Point Estimate Margin of Error = 5 - 3 Margin of Error = 2
What is the Answer?
Point Estimate = 3
How does the Point Estimate and Margin of Error Calculator work?
Free Point Estimate and Margin of Error Calculator - Given an upper bound and a lower bound and a sample size, this calculate the point estimate, margin of error. This calculator has 3 inputs.
What 2 formulas are used for the Point Estimate and Margin of Error Calculator?