The required point estimate of the population mean and the margin of error are 16 and 4.
The point estimate is the value of a statistic that estimate the value of the parameter.
According to given data in the question:
Given, lower point =12, upper point = 20
we know that
Population mean(x) = 12+20/2 = 16
And formula for margin o error,
x + E = upper point , x - E = lower point
Then, 16 + E = 20
E = 4
Similarly, 16 - E = 12
E = 4
Hence, population mean and margin of error are 16 and 4 respectively.
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