Find and interpret the confidence interval estimate.

The population mean of a set of data is unknown. The sample mean is 32, and the error bound for the mean is 8, at a 68% confidence level. (So, x¯=32 and EBM = 8.) Find and interpret the confidence interval estimate.

Select the correct answer below:

We can estimate, with 68% confidence that the true value of the population mean is between −24 and 40.

We can estimate, with 68% confidence that the true value of the population mean is between 24 and 40.

We can estimate, with 68% confidence that the true value of the population mean is between 16 and 48.

We can estimate, with 68% confidence that the true value of the population mean is between 8 and 56.

We can estimate, with 68% confidence that the true value of the population mean is between 24 and 32.

We can estimate, with 68% confidence that the true value of the population mean is between 32 and 40.