Question: 1. Define a point estimate. What is the best point estimate for the population mean, u? 2 . How do you determine whether to use

1. Define a point estimate. What is the best point estimate for the population mean, u? 2 . How do you determine whether to use the z or t distribution in computing the margin of error, E = Zo/2 . or E = tw2 -? 3 . Interpret the following 99% confidence interval for the weights, in pounds, of randomly selected supermodels. 113 lbs

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