News coverage during a recent election projected that a certain candidate would receive 54.8% of all votes cast; the projection had a margin of error of 3%. a. How to calculate a point estimate for the proportion of all votes the candidate will receive. b. What is an interval estimate for the proportion of all votes the candidate will receive. c. What is the difference between a point estimate and an interval estimate.

News coverage during a recent election projected that a certain candidate would receive 54.8% of all votes cast; the projection had a margin of error of 3%. a. Give a point estimate for the proportion of all votes the candidate will receive. b. Give an interval estimate for the proportion of all votes the candidate will receive. c. In your own words, state the difference between a point estimate and an interval estimate