12) Parking at a large university can be extremely difficult attimes. One particular university is trying
to determine the location of a new parking garage. As part of theirresearch, officials are interested
in estimating the average parking time of students from within thevarious colleges on campus. A
survey of 338 College of Business (COBA) students yields thefollowing descriptive information
regarding the length of time (in minutes) it took them to find aparking spot. Note that the “Lo 95%”
and “Up 95%” refer to the endpoints of the desired confidenceinterval.
Variable N Lo 95% CI Mean Up 95% CI SD
Parking Time 338 9.1944 10.466 11.738 11.885
Give a
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