### Confidence Interval Construction for Player Salaries**Objective:**We aim to construct a confidence interval for player salaries. Depending on the situation, you can either:1. Find the critical value \( t_{\alpha/2} \)2. Find the critical value \( z_{\alpha/2} \)3. State that neither the normal distribution nor the t distribution applies.**Given Data and Conditions:**- Confidence level: 90%- Standard deviation (σ): 4030 thousand dollars- A histogram representing 66 player salaries (in thousands of dollars) is provided.**Histogram Analysis:**The histogram shows the distribution of 66 player salaries. The x-axis represents salaries (in thousands of dollars), ranging from 0 to 20,000 thousand dollars. The y-axis denotes frequency. The salary distribution appears to be right-skewed, with the majority of player salaries clustered between 0 and 4,000 thousand dollars and fewer players earning higher salaries. Below is a detailed representation:- Salary Range and Frequency: - 0 to 4000: Approximately 40 players - 4000 to 8000: Approximately 15 players - 8000 to 12000: Approximately 5 players - 12000 to 16000: Approximately 2 players - 16000 to 20000: Approximately 2 players**Question:**Given the above information, select the correct choice and fill in the necessary value:1. **t_{\alpha/2}** (Round to two decimal places as needed.)2. **z_{\alpha/2}** (Round to two decimal places as needed.)3. Neither the normal distribution nor the t distribution applies.**Choices:**- **A.** \( t_{\alpha/2} = \) ___- **B.** \( z_{\alpha/2} = \) ___- **C.** Neither the normal distribution nor the t distribution applies.

Given : Confidence level : 1-α=0.90 Population standard deviation : σ=4030 Sample size : n=36

Answered: Assume that we want to construct a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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