Parking at a University Has Become a Problem

question 3

Essay

Parking at a university has become a problem. University administrators are interested in determining the average time it takes a student to find a parking spot. An administrator inconspicuously followed 140 students and recorded how long it took each of them to find a parking spot. Identify the population, sample, and variable of interest to the administrators.

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Definitions:

Consideration Substitute

Refers to a principle or factor that can stand in the place of consideration in certain contractual situations, allowing a contract to be enforceable without the traditional exchange of value.

Reliance

The act of depending on or trusting in something or someone, often used in legal contexts to denote reliance on a contract or promise.

Promissory Estoppel

A judicial doctrine that bars an individual from retracting a commitment once the other individual has justifiably depended on that pledge to their disadvantage.

Moving Expenses

Costs associated with relocating from one residence or office location to another, which sometimes are covered by employers.