Answer:
The confidence interval is (152.03, 159.77)
Step-by-step explanation:
The formula for calculating the confidence interval for a population mean is given by:
The sample size is actually .
The sample average is .
Using excel to calculate the standard deviation we get
The confidence level is therefore
We obtain the critical value
In Excel I calculated the margin error before calculating the confidence interval. The margin error is given by:
Now we can calculate the confidence interval.