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Based on your selected topic, evaluate the following: Find the best point estimate of the population mean. Construct a 99% confidence interval for the population
- Based on your selected topic, evaluate the following:
- Find the best point estimate of the population mean.
- Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and , the population standard deviation, is unknown.
- Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.
- Write a statement that correctly interprets the confidence interval in context of your selected topic.
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