The formula to calculate a confidence interval for a population mean is as follows:
CI=xˉ±z⋅nσ,
where:
- xˉ=75 : sample mean
- z: the chosen z-value, for a 99% confidence interval z = 2.576
- σ=8 : sample standard deviation
- n = 68: sample size.
So,
CI=75±2.576⋅688==75±2.50=(72.5,77.5).
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