A sample of ultimate tensile strength observations (ksi) was taken. Use the accompanying descriptive statistics output from Minitab to calculate a 99% lower confidence bound for true average ultimate tensile strength, and interpret the result. (Round your answer to two decimal places.) N Mean Median TrMean StDev SE Mean Minimum Maximum Q1 Q3 153 131.46 131.47 131.48 4.55 0.37 123.10 149.60 131.85 139.15 We are 99% confident that the true average ultimate tensile strength is greater than ______ ksi.

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A sample of ultimate tensile strength observations (ksi) was taken. Use the accompanying descriptive statistics output from Minitab to calculate a 99% lower confidence bound for true average ultimate tensile strength, and interpret the result. (Round your answer to two decimal places.)
N Mean Median TrMean StDev SE Mean Minimum Maximum Q1 Q3
153 131.46 131.47 131.48 4.55 0.37 123.10 149.60 131.85 139.15
We are 99% confident that the true average ultimate tensile strength is greater than ______ ksi.
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