Question: When finding a confidence interval, a point estimate and a margin of error is used.Consider what these two things are to answer the parts below.

When finding a confidence interval, a point estimate and a margin of error is used.Consider what these two things are to answer the parts below.

  1. Describe what is the point estimate.
  2. Describe what is the purpose of the margin of error.
  3. If the lower bound and upper bound of the confidence interval are labeled on a number line, explain how you would find the point estimate and how you would find the margin of error.

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