A survey of 36 Websites selling Carhartt men's work pants in the U.S. revealed an average price of $39.99 with a standard deviation of $3.80.The distribution of prices is known to be normal.

Use the tables in your text. Do not use Excel.

1, What is the point estimate for the population average price of men's Carhartt work pants? Round to 2 decimal places.

2, What is the 98% confidence interval to estimate the true price of men's Carhart pants? Round to 2 decimal places. Lower limitUpper limit?

3,Refer to the question above.

A clothing store wants to temporarily lower the price of men's Carhartt work pants at its store to increase customer traffic. The new, lower price must be less than the average price. What price do you recommend? Clearly explain.