Question: Construct a confidence interval for each of the following sample outcomes given below at the 0.01 and 0.05 alpha levels. Discuss how the 0.01 alpha

Construct a confidence interval for each of the following sample outcomes given below at the 0.01 and 0.05 alpha levels. Discuss how the 0.01 alpha level confidence interval differs from the 0.05 alpha level confidence interval using the concepts of precision and accuracy.

a) Xbar = 34.6

s= 12.3

N= 87

b) Xbar = 68

s= 25

N = 540

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