Inactive Tutor answered 04/24/14
Tutor
New to Wyzant
Vivian, the Standard error of the mean (SEM) is the standard deviation (s or σ) divided by the square root of the sample size or in this case σ/√n = 0.001/√8
Since we are given the population standard deviation (σ, rather than s), you can use a z-table value for the 99% confidence interval or 2.576
Lower limit = M - z SEM = 4.1602 - (2.576)(0.001)/√8)
Upper limit = M + z SEM = 4.1602 + (2.576)(0.001)/√8)
Lower limit ≤ μ ≤ Upper limit