Question: Using the data from the 'Data' tab in this workbook, construct a 95% confidence interval for the population mean. Assume that your data is normally
Using the data from the 'Data' tab in this workbook, construct a95%confidence interval for the population mean. Assume that your data is normally distributed and is unknown. Include a statement that correctly interprets the confidence interval in context of the scenario. Mean 71,990.18
Standard Deviation $22,773.96
n
Critical Value
Margin of Error
Lower Limit
Upper Limit
Show all calculations (including the critical value, margin of error, and limits of the confidence interval) to the right.Include a breakdown of the steps and a correct statistical interpretation of the answer below.
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