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A particular brand of diet margarine was analyzed to determine the level of polyunsaturated fatty acid ( in percentages ) . A sample of seven

A particular brand of diet margarine was analyzed to determine the level of polyunsaturated fatty acid (in percentages). A sample of "seven" packages resulted in the following data: "16.8,17.2,17.4,16.9,16.5,17.1,17.9."
Calculate a 99% confidence interval on the mean .Provide a practical interpretation of this interval.Calculate a 99% lower confidence bound on the mean. Compare this bound with the lower bound of the two-sided confidence interval and discuss why they are different.Compute a 99% prediction interval on the polyunsaturated fatty acid in the next package of margarine that is tested.Compare the length of the prediction interval with the length of the 99% CI on the population mean.

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