A random sample of 50 passengers between the two bus stations travailing  by ABC bus company yielded a mean fare of $165. The population standard deviation of the fare is known to be $50.a) Develop a 94% confidence interval estimate on the fare between the two bus stations for ABC.b) Develop a 98% confidence interval estimate on the fare between the two bus stations for ABC.c) Based on the confidence interval from part (b), does it appear that the mean fare between the two bus stations by ABC  is different than $145? State the Hypothesis. Conduct the hypothesis testusing the confidence Interval from part (b). What is your conclusion?a random sample of 50 passengers between the two bus stations travailing by ABC buscompanyyielded a mean fare of $165. The population standard deviation of the fare is known to be $50.a) Develop…