Given a lower bound of 4, upper bound of 8, and sample size of 1200, calculate the point estimate and margin of error
Given a lower bound = 4, upper bound = 8, and sample size n = 1200, Calculate the point estimate and margin of error
Calculate the point estimate:
Point Estimate =
Upper Bound + Lower Bound
2
Point Estimate =
8 + 4
2
Point Estimate =
12
2
Point Estimate = 6
Calculate the Margin of Error:
Margin of Error = Upper Bound - Point Estimate Margin of Error = 8 - 6 Margin of Error = 2
Final Answers
Point Estimate = 6 Margin of Error = 2
What is the Answer?
Point Estimate = 6 Margin of Error = 2
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?
Point Estimate =½(UB - LB) MOE = UB - Point Estimate