Using the t-distribution, as we have the standard deviation for the population, it is found that the confidence interval estimate is (4044.2, 4653.4).
The confidence interval is:
[tex]\overline{x} \pm t\frac{s}{\sqrt{n}}[/tex]
In which:
The critical value, using a t-distribution calculator, for a two-tailed 98% confidence interval, with 12 - 1 = 11 df, is t = 2.7181.
As for the other parameters, they are given by:
[tex]\overline{x} = 4348.8, s = 388.2, n = 12[/tex]
Hence:
[tex]\overline{x} - t\frac{s}{\sqrt{n}} = 4348.8 - 2.7181\frac{388.2}{\sqrt{12}} = 4044.2[/tex]
[tex]\overline{x} + t\frac{s}{\sqrt{n}} = 4348.8 + 2.7181\frac{388.2}{\sqrt{12}} = 4653.4[/tex]
The confidence interval estimate is (4044.2, 4653.4).
To learn more about the t-distribution, you can check https://brainly.com/question/16162795