Determine the point estimate of the population mean and margin of error for the confidence interval. Lower bound is 21, upper bound is 25. The point estimate of the population mean is . The margin of error for the confidence interval is .
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Step 1: Find the midpoint of the interval The midpoint of the interval is the average of the lower and upper bounds: Midpoint = (Lower bound + Upper bound) / 2 Midpoint = (21 + 25) / 2 Midpoint = 23 Show more…
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