To calculate the confidence interval for μ, we can use the formula:
Confidence Interval = x¯ ± (Z * (σ/√n))
where:
x¯ = sample mean
σ = population standard deviation
n = sample size
Z = Z-score corresponding to the desired confidence level
For a 99 percent confidence level, the Z-score is 2.576.
Plugging in the given values:
Confidence Interval = 36 ± (2.576 * (7/√16))
Calculating the value inside the parentheses:
Confidence Interval = 36 ± (2.576 * (7/4))
Simplifying:
Confidence Interval = 36 ± (2.576 * 1.75)
Calculating the product:
Confidence Interval = 36 ± 4.514
Rounding the values to 4 decimal places:
Lower bound = 36 - 4.514 = 31.486
Upper bound = 36 + 4.514 = 40.514
Therefore, the 99 percent confidence interval for μ is (31.486, 40.514).