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(3 point) What does the margin of error, 2.5 imply? (3 points) Using information above, figure out lower bound and upper bound of 90% confidence

  1. (3 point) What does the margin of error, "2.5" imply?
  2. (3 points) Using information above, figure out lower bound and upper bound of 90% confidence interval to estimate population mean.

(Note that the margin of error is already given as 2.5.)

  1. (2 points) Interpret your 90% confidence interval for population mean.
  2. (extra credit 2 points) Here is a little challenging part: if you try 95% confidence interval with all other things being constant, what would happen to margin of error? The margin of error 2.5 is given for 90% confidence interval above. Then, now, for 95% confidence interval, margin of error would become less than 2.5 or greater than 2.5?

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