Final answer:
To find the 98% confidence interval of the true mean, we can use the formula: CI = x ± Z * (σ / √n). For the given sample mean and standard deviation, the 98% confidence interval is (57.4, 67.2).
Step-by-step explanation:
To find the 98% confidence interval of the true mean, we can use the formula:
CI = x ± Z * (σ / √n)
Where CI is the confidence interval, x is the sample mean, Z is the Z-score corresponding to the desired confidence level, σ is the sample standard deviation, and n is the sample size.
For a 98% confidence level, the Z-score is approximately 2.33.
Plugging in the values from the question, the calculation becomes:
CI = 62.3 ± 2.33 * (11.0 / √5)
Calculating the above expression gives us a confidence interval of (57.4, 67.2).