The Highway Patrol Is Interested in Determining the Average Speed

question 55

Essay

The highway patrol is interested in determining the average speed of automobiles traveling on I-75 between Chattanooga and Atlanta. To accomplish this task, the speed of every tenth car passing a particular point on I-75 is recorded.
a.What is the population for this study?
b.What constitutes the sample?
c.Is speed a categorical or a quantitative variable?
d.What type of measurement scale is used?

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Definitions:

Compounded Semi-Annually

The calculation of interest on a principal sum twice a year, effectively increasing the amount on which future semi-annual interest payments are calculated.

Annuity

An investment vehicle that delivers a steady flow of payments to a recipient, predominantly designed to be a revenue stream for retired persons.

Compounded Semi-Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a semi-annual basis.

Annuity

A financial instrument that provides a consistent series of payments to a person, mainly serving as a source of income for individuals who have retired.