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D Question 47 4 pts Monthly rental rates were recorded from a random sample of 40 one-bedroom apartments in Pittsburgh, Pennsylvania. Use the following summary

D Question 47 4 pts Monthly rental rates were recorded from a random sample of 40 one-bedroom apartments in Pittsburgh, Pennsylvania. Use the following summary statistics to answer the questions below. Summary Statistics Variable N Mean SE Mean StDev Minimum Median Maximum One Bedroom 40 1658.0 114.7 725.4 645 1583.5 4580 Monthly Rent Part A (2 points) Construct a 99% confidence interval to estimate the mean monthly rental rate in the population of all one-bedroom apartments in Pittsburgh, Pennsylvania. The t* multiplier for a 99% interval with 39 degrees of freedom is 2.709 Part B (2 points) Interpret the confidence interval you constructed in Part A by completing the phrase "I am 99% confident that.."

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