A research firm conducted a survey to determine the mean repair cost on refrigerators. They found that the distribution of repair costs followed the normal distribution with a population standard deviation of $12.22. A random sample of 50 refrigerators had a mean repair cost of $73.00. Round your answer in part (a) to 2 decimal places. (a) What is the critical z-value that will need to be used to calculate the 95% confidence interval? Round your answers in part (b) to 2 decimal places. (b) What is the 95% confidence interval? < µ < Round your answer in part (c) to 2 decimal places. (c) What is the critical z-value that will need to be used to calculate the 98% confidence interval? Round your answers in part (d) to two decimal places. (d) What is the 98% confidence interval?

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A research firm conducted a survey to determine the mean repair cost on
refrigerators. They found that the distribution of repair costs followed the normal
distribution with a population standard deviation of $12.22. A random sample of 50
refrigerators had a mean repair cost of $73.00.
Round your answer in part (a) to 2 decimal places.
(a) What is the critical z-value that will need to be used to calculate the 95%
confidence interval?
Round your answers in part (b) to 2 decimal places.
(b) What is the 95% confidence interval?
<μ <
Round your answer in part (c) to 2 decimal places.
(c) What is the critical z-value that will need to be used to calculate the 98%
confidence interval?
Round your answers in part (d) to two decimal places.
(d) What is the 98% confidence interval?
Priva
Tern
< µ <
Transcribed Image Text:A research firm conducted a survey to determine the mean repair cost on refrigerators. They found that the distribution of repair costs followed the normal distribution with a population standard deviation of $12.22. A random sample of 50 refrigerators had a mean repair cost of $73.00. Round your answer in part (a) to 2 decimal places. (a) What is the critical z-value that will need to be used to calculate the 95% confidence interval? Round your answers in part (b) to 2 decimal places. (b) What is the 95% confidence interval? <μ < Round your answer in part (c) to 2 decimal places. (c) What is the critical z-value that will need to be used to calculate the 98% confidence interval? Round your answers in part (d) to two decimal places. (d) What is the 98% confidence interval? Priva Tern < µ <
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