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. The 95% confidence interval yielded the following lower and upper limits: 9.1944 to 11.885. Interpret this confidence interval A. We are 95% confident that the true popluation mean time to find a parking spot is between 9.1944 minutes and 11.885 minutes B. In repeated sampling, 95% of the population means will fall within the interval created
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. The 95% confidence interval yielded the following lower and upper limits: 9.1944 to 11.885. Interpret this confidence interval
A. We are 95% confident that the true popluation mean time to find a parking spot is between 9.1944 minutes and 11.885 minutes
B. In repeated sampling, 95% of the population means will fall within the interval created
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