Question: Create confidence intervals related to the interval and ratio-level data you collected. What is the best estimate of the population mean Develop a 95% confidence

Create confidence intervals related to the interval and ratio-level data you collected.

  1. What is the best estimate of the population mean
  2. Develop a 95% confidence interval for the population mean. Develop a 90% confidence interval for the population mean. Develop a 98% confidence interval for the population mean.
  3. Interpret the confidence interval.

NOTE: I really need to understand the steps so please be detailed. ***Also, what do i reference when developing a 95%, 90%, and 98% confidence internvals. - Please explain in detail.

Numbers:

50000

10000

20000

10000

20000

20000

0

12000

15000

2000

15000

10000

6000

35000

6400

8700

5000

6500

40000

40000

6000

40000

5000

5500

0

8000

15000

5640

8000

4800

3400

13000

3100

0

I have already calculated: (Please check these as well)

N= 34

Average= 13207.05882

Standard Deviation= 13028.7234

Thank you

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