Answer: (307,317)
Explanation:
The population standard deviation is known (and is assumed to be normally distributed). Using the Empirical Rule, we know that approximately 68% of the data lies within one standard deviation of the mean. So, the confidence coefficient is zα2=1, approximately.The point estimate for the population mean, μ, is the sample mean, x¯=312. The standard error for the sampling distribution is σx¯=σn√, where σ is the population standard deviation and n is the sample size. So, the standard error is σx¯=30n√. We did not list a decimal approximation because the instructions stated that only the final answer should be rounded. The error bound for the mean (EBM) is given by the formula EBM=zα2(σn√)=1(3030√). Again, we did not list a decimal approximation because the instructions stated that only the final answer should be rounded. Finally, we can calculate the confidence interval at the desired level of significance using the formula (point estimate−EBM , point estimate+EBM)(312−1(3030‾‾‾√),312+1(3030‾‾‾√))(307,317)