Answer
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Point Estimate = 3
Margin of Error = 2
Margin of Error = 2
↓Steps Explained:↓
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 |
| Point Estimate | |
| 5 + 1 |
| Point Estimate | |
| 6 |
Point Estimate = 3
Calculate the Margin of Error:
Margin of Error = Upper Bound - Point Estimate
Margin of Error = 5 - 3
Margin of Error = 2
Final Answers
Point Estimate = 3Margin of Error = 2
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Related Calculators: Confidence Interval for the Mean | Confidence Interval of a Proportion | Margin of Error from Confidence Interval