In: Economics
A
study on highway safety studied the driving habits of individuals.
A sample of 78 cars...
A
study on highway safety studied the driving habits of individuals.
A sample of 78 cars travelling on the highway revealed an average
speed of 98.7 kph with a standard deviation of 22.7 kph. Determine
the 95% confidence interval for the mean speed of all cars (kph),
if it is known that speed is normally distributed. Give the upper
limit only (in kph) correct to three decimal places.