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 = 3
Margin of Error = 2
Margin of Error = 2
What is the Answer?
Point Estimate = 3
Margin of Error = 2
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.
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
MOE = UB - Point Estimate
What 5 concepts are covered in the Point Estimate and Margin of Error Calculator?
- lower bound
- Any number less than or equal to all elements in a set.
- margin of error
- a statistic expressing the amount of random sampling error in the results of a survey.
σp + z-score - point estimate
- the process of finding an approximate value of some parameter—such as the mean (average)—of a population from random samples of the population.
- point estimate and margin of error
- sample size
- measures the number of individual samples measured or observations used in a survey or experiment.
