Refer to Example 5.4. Find both a 95% lower confidence bound and a 99% upper confidence bound for the mean fatigue strength.
The sample mean and standard deviation are \overline{X} = 408.20 and s = 72.88, respectively. The sample size is n = 70. We estimate \sigma_{\overline{X}} ≈ 8.7108. The 95% lower confidence bound is \overline{X}\ −\ 1.645 \sigma_{\overline{X}} = 393.87, and the 99% upper confidence bound is \overline{X} + 2.33 \sigma_{\overline{X}} = 428.50.