A consumer protection agency studies the price of a new flat-screen television model. It would like to estimate the price of the model with a 99% confidence interval. The agency manages to obtain data on 22 sales prices of this model. The model is offered at an average price of $2,660 with a standard deviation of $60. What is the 99% confidence interval for the true mean sales value of this television model?
2,660 ± 2.576(60/√22)
2,660 ± 2.831(60/√21)
2,660 ± 2.831(60/√22)
2,660 ± 2.819(60/√22)