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4. Express the confidence interval 114.26# 3.2 as an interval. 5. Jane has just begun her new job as on the sales force of a very competitive company. In a sample of 16 sales calls it was found that she closed the contract for an average value of 108 dollars with a standard deviation of 12 dollars. Find a 95% confindence interval for mean value of each call. X or p Z = Standard Error = Margin of error = Upper Bound = Lower Bound = Confidence Interval = STATISTICAL INTERPRETATION REAL WORLD INTERPRETATION7. What is the margin of error in the interval (12.56, 4.56) ME = 8. The mortgage department of a large bank is interested in the nature of loans of first-time borrowers. This information will be used to tailor their marketing strategy. They believe that 50%% of first-time borrowers take out smaller loans than other borrowers. They sample 100 first-time borrowers and find 53 of these loans are smaller that the other borrowers. Find a 99% confindece interval for the percentage of first-time borrowers who take out smaller loans. X or p T= Standard Error = Margin of error = Upper Bound = Lower Bound = Confidence Interval = STATISTICAL INTERPRETATION REAL WORLD INTERPRETATION