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Parking at a Large University Can Be Extremely Difficult at Times

question 40

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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 c c c 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} Give a practical interpretation for the 95% confidence interval given above.


Definitions:

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