1 20 points you work for a consumer advocate agency and want to estima
Question
1. (20 points) You work for a consumer advocate agency and want to estimate the population mean cost of replacing a car's transmission. As part of your study, you randomly
select 55replacement costs and find the mean to be $2650.00. Assume the population standard deviation is $425.00. Construct a 90% confidence interval for the population mean replacement cost.Interpret the results.