The company you workfor, Capital Capacitors, makes a specialized capacitor. Data fromsix different production months has been collected:
January: 58,000produced February: 71,000 produced March: 72,000 produced
April: 50,000 producedMay: 54,000 produced June: 63,000 produced
The cost to produceone of these capacitors has been estimated to be $1.20.
1. What are the upperand lower bounds of a 95% confidence interval on the mean number ofcapacitors produced per month?
2. At an interest rateof 1% per month, what is the projected yearly cost, low and highestimates? Use your lower and upper bounds from 1. in yourcomputations.
