Use the given degree of confidence and sample data to constr…
Use the given degree of confidence and sample data to construct a confidence interval for the population mean μ. Assume that the population has a normal distribution.Construct a 98% confidence interval for the population mean, μ of the repair bill. Assume the population has a normal distribution. A study of 14 car owners showed that their average repair bill was $192 with a standard deviation of $8. Show work for the all the steps below. (2pts) Point estimate (3pts) Critical value (round to 3 decimal places): (3pts) Margin of Error (round to 3 decimal places) : (3pts) CI (round to a whole number): (1pt) Interpretation: