Construct the lower bound of a confidence interval using the following information:
Final Answer: The lower bound of the
Step 1 :Given the following information: sample size
Step 2 :To construct the lower bound of a confidence interval, we need to use the formula: mean - Z * (standard deviation / sqrt(n)), where Z is the Z-score corresponding to the desired confidence level.
Step 3 :For a
Step 4 :Substitute the given values into the formula to find the lower bound of the confidence interval:
Step 5 :Calculate the above expression to get the lower bound of the confidence interval, which is approximately
Step 6 :Final Answer: The lower bound of the