(TCO 7) A drug manufacturer wants to estimate the mean heart rate for patients with a certain heart condition. Because the condition is rare, the manufacturer can only find 18 people with the condition currently untreated. From this small sample, the mean heart rate is 93 beats per minute with a standard deviation of 6.
(a) Find a 98% confidence interval for the true mean heart rate of all people with this untreated condition. Show your calculations and/or explain the process used to obtain the interval.
(b) Interpret this confidence interval and write a sentence that explains it.
A Complete, Neat and Step-by-step Solution is provided in the attached file.