You would like to construct a 99% confidence interval to estimate the population mean price of milk per gallon in your city. You would like to construct a 99% confidence interval to estimate the population mean price of milk (per gallon) in your city. You select a random sample ofprices from different stores. The sample has a mean of 3.76 dollars and a standard deviation of 0.23 dollars.(a) What is the best point estimate, based on the sample, to use for the population mean?I dollars(b) For each of the following sampling scenarios, determine which distribution should be used to calculate the critical valuefor the 99% confidence interval for the population mean.(In the table, Z refers to a standard normal distribution, and t refers to at distribution.)Could useSampling scenarioUncleareither Z ortThe sample has size 75, and it is from a non-normally distributedpopulation with a known standard deviation of 0.26.The sample has size 95, and it is from a non-normally distributedpopulation.The sample has size 17, and it is from a normally distributedpopulation with an unknown standard deviation.CheckSave For LaterSubmit AssO 2021 McGraw-Hill Education. All Rights Reserved. Terms of Use I Privacy

Name: You would like to construct a 99% confidence interval to estimate the
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Description: You would like to construct a 99% confidence interval to estimate the population mean price of milk per gallon in your city. You would like to construct a 99% confidence interval to estimate the population mean price of milk (per gallon) in your city