Express the confidence interval 551.7<μ<729.3551.7<μ<729.3 in the

Paulette Evans

Paulette Evans

Answered question

2022-07-24

Express the confidence interval 551.7<μ<729.3551.7<μ<729.3 in the form of ¯x±MEx¯±ME.

Answer & Explanation

karton

karton

Expert2023-06-02Added 613 answers

To express the confidence interval 551.7 < μ < 729.3 in the form of x ± ME, we need to find the point estimate x and the margin of error (ME).
The point estimate x is the midpoint of the confidence interval, which is calculated by taking the average of the upper and lower bounds:
x=551.7+729.32=640.5
The margin of error (ME) is half the width of the confidence interval. To find ME, we subtract the lower bound from the point estimate (x) or subtract the upper bound from the point estimate (x). Since the confidence interval is symmetric, it doesn't matter which bound we choose:
ME=729.3640.52=88.82=44.4
Therefore, the confidence interval 551.7 < μ < 729.3 can be expressed in the form of x ± ME as:
x±ME=640.5±44.4
This means that we are 95% confident that the true population mean (μ) falls within the interval (596.1, 684.9).

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