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Mathematics, 07.07.2020 15:01 nancy00
Parking at a large university can be extremely difficult at times. One particular university is trying to determine the location of a new parking garage. As part of their research, officials are interested in estimating the average parking time of students from within the various college on campus. A survey of 338 college of business (COBA) student yields the following descriptive information regarding the length of time (in minutes) it took them to find a parking spot. Note that the "Lo 95%" and "Up 95%" refer to the endpoint s of the desired confidence interval.
Variable N Lo 95% CI Means Up 95%CI SD
Parking time 388 9.1944 10.466 11.738 11.885
Explain what the phrase "95% confident" means when working with a 95 % confidence interval.
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