4 Find point estimate of the population proportion and also the margin of error. **Transcription for Educational Website:**---**Determine the Point Estimate of the Population Proportion**This exercise involves calculating statistical measures related to a specific sample. Below are the details provided:- **Lower bound** of the confidence interval: 0.206- **Upper bound** of the confidence interval: 0.784- **Sample size (n)**: 1200**Goal:**1. **Point Estimate of the Population Proportion** - Calculate the point estimate of the population proportion from the given confidence interval. This involves finding the midpoint between the lower and upper bounds.2. **Margin of Error** - Calculate the margin of error, which is half the width of the confidence interval.3. **Number of Individuals with a Specific Characteristic (x)** - Use the point estimate to determine the approximate number of individuals in the sample with the specified characteristic.**Instructions:**- Round the point estimate to the nearest thousandth as needed.**Input Field:**- Enter your calculated point estimate in the provided box.**Note:**- This information aids in understanding how to derive estimates and interpret confidence intervals in statistics.**Interactive Element:**- A "Question Viewer" button is present for accessing the question details.--- No graphs or diagrams are present in the image.

Name: 4 Find point estimate of the population proportion and also the margin
Uploaded: 2024-03-20T07:07:00.000Z
Channel: Bartleby
Description: 4 Find point estimate of the population proportion and also the margin of error. **Transcription for Educational Website:**---**Determine the Point Estimate of the Population Proportion**This exercise involves calculating statistical measures related