Express the confidence interval 70.8%<p<77.6%70.8%<p<77.6% in the form of ˆp±MEp^±ME
Solution :
Point estimate = = (Lower confidence interval + Upper confidence interval ) / 2
Point estimate = = (0.708+0.776) / 2=0.742
Margin of error = E = Upper confidence interval - = 0.776-0.742=0.034
In the form of :
- ME < p < + ME is,
74.2%<p<3.4%
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