Answer:
The objective of the confidence interval is to give a range in which the real mean of the population is placed, with a degree of confidence given by the level of significance.
The conclusion we can make is that there is 95% of probability that the mean of the population (professor's average salary) is within $99,881 and $171,172.
Step-by-step explanation:
This is a case in which, from a sample os size n=16, a confidence interval is constructed.
The objective of the confidence interval is to give a range in which the real mean of the population is placed, with a degree of confidence given by the level of significance. In this case, the probability that the real mean is within the interval is 95%.
