Show transcribed image text Use the standard normal distribution or the t-distribution to construct a 95% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. In a random sample of 18 mortgage institutions, the mean interest rate was 3.64% and the standard deviation was 0.31%. Assume the interest rates are normally distributed. Which distribution should be used to construct the confidence interval? O A. Use a normal distribution because n
Use the standard normal distribution or the t-distribution to construct a 95% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. In a random sample of 18 mortgage institutions, the mean interest rate was 3.64% and the standard deviation was 0.31%. Assume the interest rates are normally distributed. Which distribution should be used to construct the confidence interval? O A. Use a normal distribution because n
