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Question 2
10 Points
A shipping company wants to improve the accuracy for handling packages they sort at a distribution center. Each month, they install tracking devices on a random sample of 500 packages and flag the packages that have an error in the sorting or loading process. A monthly report includes a 95% confidence interval for the proportion of all packages in the distribution center that have a loading or sorting error.
For one particular month, the interval is (0.0212, 0.0548). Find the values for the point estimate and the margin of error that were used to find this interval. If needed, round final answers to four decimal places.
Point Estimate: Blank 1
Margin of Error: Blank 2
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