Answer:
(1)
The point estimate of the population mean is
we need to find first the degrees of freedom, given by:
Explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean
population mean (variable of interest)
s=240 represent the sample standard deviation
n=64 represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
(1)
The point estimate of the population mean is
we need to find first the degrees of freedom, given by: