Final answer:
To construct a confidence interval for a population mean, you need to consider the sample size and standard error. The confidence interval represents the range within which the population mean is likely to fall.
Step-by-step explanation:
To construct a confidence interval for a population mean, we need to consider the sample size and standard error. Here are the steps to construct the confidence interval:
- Find the point estimate for the population mean.
- Calculate the margin of error using the formula: margin of error = critical value * standard error.
- Create the confidence interval by adding and subtracting the margin of error from the point estimate: (point estimate - margin of error, point estimate + margin of error).
The confidence interval represents the range within which the population mean is likely to fall with a certain level of confidence.