We need to construct the 99% confidence interval for the population mean
μ. The following information is provided:
Sample Mean =3210
Standard Deviation s =642
Sample Size (N) =121
As sample size increases, the sample more closely approximates the population.so we use z confidence interval.Using ti84, invnorm the critical value for α=0.01 is
The corresponding confidence interval is computed as shown below
( )
(
(3059.665, 3360.335)
Therefore, based on the data provided, 99% confidence interval for the population mean is 3059.665<μ<3360.335, which indicates that we are
99% confident that the true population mean μ is contained by the interval (3059.665, 3360.335).
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