Let the point estimate be x and the margin of error be e.
Then, we must have
[tex]\begin{gathered} x+e=50625----------------------(1) \\ x-e=49841----------------------(2_{}) \end{gathered}[/tex]Add the equation (1) and equation(2) to eliminate the variable e, we have
[tex]\begin{gathered} 2x=100466 \\ \text{ thus} \\ x=\frac{100466}{2}=\text{ \$}50233 \end{gathered}[/tex]Subtracting equation (2) from equation(1) to eliminate the variable x, we have
[tex]\begin{gathered} 2e=784 \\ \text{ thus} \\ e=\frac{784}{2}=392 \end{gathered}[/tex]Hence, the point estimate is $50233 and the margin of error is $392, The Third option
