A traffic flow engineer needs to estimate the average time between vehicles passing a particular point on the road; they know that times between vehicles follow an Exponential distribution. Having waited for 457.12 minutes, a total of 191 vehicles are counted. Produce a 95% confidence interval for the average time between vehicles (in minutes)
In the case of Exponential distribution, the mean and standard deviations are equal.
Here the sample mean is ans sample standard deviation is . The sample size is .
The confidence interval for true mean based on the sample mean is
A 95% confidence interval for the average time between vehicles (in minutes)
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