3. Using the data from the 'Data' tab in this workbook, construct a99%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$71897.40,
• Median$66,525,
• ModeMode: $71,420
• Midrange
• RangeRange: $ 167,760
• Variance546,033,521.95
• Standard deviation$23,367.36

Calculations/Values

Mean

Standard Deviation

n

Critical Value

Margin of Error

Lower Limit

Upper Limit