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Statistics Problems & Answers A research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. They found the distribution of amounts spent per week followed the normal distribution with a population standard deviation of $ 5. A sample of 49 steady smokers revealed that . a. What is the point estimate of the population mean? Explain what it indicates. b. Using the 95 percent level of confidence, determine the confidence interval for . Ex-plain what it indicates.   Refer to the previous exercise. Suppose that 64 smokers (instead of 49) were sampled. …