Step 1 :We are given a sample size of 972, a sample mean of 72.6, a standard deviation of 5.3, and we are asked to find the 98% confidence interval for the population mean.
Step 2 :The formula for the confidence interval for a population mean is \(\bar{x} \pm Z \frac{\sigma}{\sqrt{n}}\), where \(\bar{x}\) is the sample mean, \(Z\) is the Z-score, \(\sigma\) is the standard deviation of the population, and \(n\) is the sample size.
Step 3 :For a 98% confidence level, the Z-score is approximately 2.33.
Step 4 :Substituting the given values into the formula, we get \(72.6 \pm 2.33 \frac{5.3}{\sqrt{972}}\).
Step 5 :Solving this, we get a margin of error of approximately 0.396.
Step 6 :Subtracting this margin of error from the sample mean, we get a lower bound of 72.204.
Step 7 :Adding this margin of error to the sample mean, we get an upper bound of 72.996.
Step 8 :Thus, the 98% confidence interval for the population mean \(\mu\) is given by the inequality \(72.204 < \mu < 72.996\).
Step 9 :\(\boxed{72.204 < \mu < 72.996}\) is the final answer.