Parking at a Large University Can Be Extremely Difficult at Times

question 96

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 ʺLo
95%ʺ and ʺUp 95%ʺ refer to the endpoints of the desired confidence interval. $$\begin{array} { l c c c c c } \text { Variable } & \text { N } & \text { Lo 95\% CI } & \text { Mean } & \text { Up 95\% CI } & \text { SD } \\\text { Parking Time } & 338 & 9.1944 & 10.466 & 11.738 & 11.885\end{array}$$ Explain what the phrase ʺ95% confidentʺ means when working with a 95% confidence interval.

• A)In repeated sampling, 95% of the population means will fall within the interval created.
• B)In repeated sampling, 95% of the intervals created will contain the population mean.
• C)95% of the observations in the population will fall within the endpoints of the interval.
• D)In repeated sampling, 95% of the sample means will fall within the interval created.

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Definitions:

Payoff

The return or reward resulting from an action or investment, which can be in the form of profit, benefit, or satisfaction.

Emotional Intelligence

The capacity to identify, comprehend, and control our personal emotions, as well as to identify, comprehend, and impact the emotions of other people.

Richard Boyatzis

A distinguished professor known for his work in emotional intelligence, behavior change, and competence.

Defensive Behavior

Actions or reactions aimed at protecting oneself from perceived threats or criticism.