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University administrators are trying to decide where to build a new parking garage on campus. The state legislature has budgeted just enough money for one parking structure on campus. The administrators have determined that the parking garage will be built either by the college of engineering or by the college of business. To help make the final decision, the university has
Randomly and independently asked students from each of the two colleges to estimate how long they usually take to find a parking spot on campus (in minutes) . Based on their sample, the following 95% confidence interval (for µe - µb) was created - (4.20, 10.20) . What conclusion can the university make about the population mean parking times based on this confidence interval?
Repay Borrowed
The act of returning money that was borrowed from a person or institution.
Equity Financing
A method of raising capital through the sale of shares in a company, thereby giving investors ownership interests.
Venture
A business enterprise involving risk in expectation of gain.
Co-Owner
An individual or entity that shares ownership of an asset, property, or business with one or more parties.
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