Which type of confidence interval should you use in this situation? An economics professor randomly selected 100 millionaires in the United States. The average age of these millionaires was 54.8 years with a standard deviation of 7.9 years. What is the 95% confidence interval for the mean age of all United States millionaires?

In this situation, you should use a z-confidence interval since the sample size is large (n = 100) and we have the population standard deviation.