Math Problem Statement
Suppose we are interested in the mean speed of vehicles on interstate highways in the U.S. We checked the speed of 40 cars near exit 115 on the I-45 and the result is as below (in mph):
80, 75, 65, 70, 73, 72, 79, 73, 75, 77, 80, 75, 65, 70, 73, 72, 79, 73, 75, 77, 80, 75, 65, 70, 73, 72, 79, 73, 75, 77, 80, 75, 65, 70, 73, 72, 79, 73, 75, 77. Find the lower bound of a 95% confidence interval for the proportion of cars that are over 75 mph of speed on interstate highways in the U.S. (Answer in 5 decimals.)
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Interval
Proportions
Formulas
Sample Proportion: p̂ = x / n
Standard Error: SE = sqrt(p̂(1 - p̂) / n)
Confidence Interval: p̂ ± z * SE
Theorems
Central Limit Theorem
Normal Distribution
Suitable Grade Level
Undergraduate Level
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