You are interested in purchasing the new car. One of many points you wish to suggest is the resale value of car after five years. Since you are particularly interested in certain foreign sedan, you decide to determine the resale value of this car with 98% confidence interval. You manage to obtain data on 17 recently resold 5-year-old foreign sedans of the same model. These 17 cars were resold at an average price of $12,520 with a standard deviation of $700. What is the 98% confidence interval for the true mean resale value of a 5- year-old car of this model?