Question: Please solve with using R and specify each step that you did in R. A company collects the travel time of its employees from home
Please solve with using R and specify each step that you did in R.
A company collects the travel time of its employees from home to work. A sample of size 100 employees are asked. Also, it is known from previous surveys that the average travel time for all employees is 45 minutes and the standard deviation is again 15 minutes. Considering the information taken from sample, construct a 95% confidence interval for the mean. Use a Monte Carlo method to obtain an empirical estimate of the confidence level. (Take M = 100000 repetitions)
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