SOLUTION: Given the Confidence Interval, find the Point Estimate (0.71 , 0.82)

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Question 1179846: Given the Confidence Interval, find the Point Estimate
(0.71 , 0.82)

Answer by CPhill(1987) About Me  (Show Source):
You can put this solution on YOUR website!
**Finding the Point Estimate**
To find the point estimate, you'll calculate the midpoint of the given confidence interval.
**Calculation**
Point Estimate = (Lower Bound + Upper Bound) / 2
In this case:
Point Estimate = (0.71 + 0.82) / 2
Point Estimate = 1.53 / 2
Point Estimate = 0.765
**Answer**
The point estimate is 0.765.