Elisa is interested in purchasing a 256 GB microSD memory card. She looked online at 10 different retailers and found the following prices. Assume that the price of microSD memory cards is normally distributed.
11.1513.5518.5020.0021.9523.7028.4029.8532.7039.60
Construct a 95% confidence interval to estimate the true mean price of 256 GB microSD memory cards. (Round your answers to two decimal places, since it's money.)
$ < 𝜇 < $
Correctly interpret the resulting interval.
If this experiment were repeated 100 times, exactly 5 out of 100 intervals would fail to contain the true population mean. There is a 95% probability that this interval contains the true population mean. She is 95% confident that this interval contains the true population mean. She is 95% confident that this interval does not contain the true population mean.