(Solved): A sample of ultimate tensile strength observations (ksi) was taken. Use the accompanying descripti ...

A sample of ultimate tensile strength observations (ksi) was taken. Use the accompanying descriptive statistics output from Minitab to calculate a $$99\%$$ lower confidence bound for true average iltimate tensile strength, and interpret the result. (Round your answer to two decimal places.) Ve are $$99\%$$ confident that the true average ultimate tensile strength is greater than ksi.