Question: use the standard normal distribution or the tea distribution to construct the 99% confidence interval for the population mean. Justify your decision. If neither distribution

use the standard normal distribution or the tea distribution to construct the 99% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. In a random sample of 15 mortgage institutions, the mean interest rate was 3.58% and the standard deviation was 0.34%. Assume the interest rates are normally distributed.

This Question: 12 pts 16 of 16 (8 complete) This Te Use the standard normal distribution or the t-distribution to construct a 99% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. In a random sample of 15 mortgage institutions, the mean interest rate was 3.58% and the standard deviation was 0.34%. Assume the interest rates are normally distributed. Which distribution should be used to construct the confidence interval? O A. Use a normal distribution because n

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