(Solved): a) Interpret the following 99\% confidence interval: \[ \$ 325.80 ...

a) Interpret the following 99\% confidence interval: \[ \$ 325.80<\mu<\$ 472.30 \] b) Interpret the following \( 95 \% \) confidence interval: \( 0.536 \) \[ <\mathrm{p}<0.564 \] c) How do you determine whether to use \( Z \) or \( T \) Interval for computing confidence intervals? d) Why would manufacturers or businesses be interested in constructing a confidence interval for the population measure? Would manufacturers or businesses want large or small margins of error?