Answer
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Step 1I'll solve this step-by-step using the standard normal distribution approach:
Step 2: Understand the Confidence Interval
For a confidence interval, we need to find the z-score that corresponds to the given confidence level. In this case, we have a 98% confidence interval.
Final Answer
Note: This value ensures that 98% of the data falls within the interval, with 1% in each tail of the distribution.
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