Examlex

Solved

Parking at a Large University Can Be Extremely Difficult at Times

question 82

Multiple Choice

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 colleges on campus. A survey of 338 College of Business (COBA) students 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 endpoints of the desired confidence interval.

 Variable N Lo 95% CI  Mean  Up 95% CI  SD  Parking Time 3389.194410.46611.73811.885\begin{array} { l l c r c r r } \text { Variable } & \mathrm { N } & \text { Lo 95\% CI } & \text { Mean } & \text { Up 95\% CI } & \text { SD } \\\text { Parking Time } & 338 & 9.1944 & 10.466 & 11.738 & 11.885\end{array}
University officials have determined that the confidence interval would be more useful if the interval were narrower. Which of the following changes in the confidence level would result in a narrower interval?


Definitions:

SUTA Tax

State Unemployment Tax Act tax, a payroll tax paid by employers to fund the state unemployment insurance program.

Medicare

In the United States, Medicare is a public health coverage scheme designed for individuals over the age of 65, along with a select group of younger people who have certain disabilities.

Tax Table

A chart that displays the amount of tax owed based on income received, helping individuals or entities calculate their taxes.

Wage Bracket Withholding Table

A chart provided by tax authorities to help employers determine the amount of tax to withhold from an employee's paycheck.

Related Questions