The critical value for α=0.01 is zc=z1−α/2=2.5758.
The corresponding confidence interval is computed as shown below:
CI=(xˉ−zc×nσ,xˉ+zc×nσ)
=(3122−2.5758×63,xˉ+zc×nσ)
=(37.512,43.821)
Therefore, based on the data provided, the 99% confidence interval for the population mean is 37.512<μ<43.821, which indicates that we are 99% confident that the true population mean μ is contained by the interval (37.512,43.821).
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