An online used car company sells pre-owned cars. For 30 randomly selected transactions, the mean price is 2200 dollars.
  1. Assuming the population standard deviation for transaction prices is 220 dollars, obtain a 99% confidence interval for the mean price of all transactions. Please carry at least three decimal places in intermediate steps. Give your final answer to the nearest two decimal places.
    Confidence interval: interval
  2. Which of the following is a correct interpretation for your answer in part (a)? Select ALL the correct answers, there may be more than one.






You can earn partial credit on this problem.