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Question Two: Speed Limit (5 Marks) An insurance company claims that speed limits inside the city are low, and most drivers drive at speeds that
Question Two: Speed Limit (5 Marks) An insurance company claims that speed limits inside the city are low, and most drivers drive at speeds that they consider safe. The company believes that the city should set the speed limit at a "New" speed limit of the 85th percentile. They collected a random sample of 400 speeds (refer to the Excel file) where the limit is 60 km/hr was recorded. Compute the "New" speed limit that the company suggests. Note: You must show manual solution, calculation, and formula
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