Step 1 :Given that the sample mean (\(\bar{x}\)) is 114, the sample standard deviation (s) is 10, and the sample size (n) is 12, we are asked to construct a 98% confidence interval for the population mean (\(\mu\)).
Step 2 :The formula for a confidence interval is given by: \[\bar{x} \pm t_{\alpha/2, n-1} \times \frac{s}{\sqrt{n}}\] where \(t_{\alpha/2, n-1}\) is the t-score for a given level of confidence and degrees of freedom.
Step 3 :In this case, we need to find the t-score for a 98% confidence level and 11 degrees of freedom (since the sample size is 12, the degrees of freedom is n-1 = 12-1 = 11).
Step 4 :Using a t-distribution table or a statistical software, we find that the t-score for a 98% confidence level and 11 degrees of freedom is approximately 2.718.
Step 5 :Substituting the given values into the formula, we get: \[114 \pm 2.718 \times \frac{10}{\sqrt{12}}\]
Step 6 :Solving the above expression, we get the lower and upper bounds of the confidence interval as approximately 106.2 and 121.8 respectively.
Step 7 :Thus, the 98% confidence interval for the population mean when the sample size is 12 is approximately \(\boxed{[106.2, 121.8]}\).