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.
Which of the following would represent the target parameter of interest?

A) $\mu$
B) $p$

Question

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.
Which of the following would represent the target parameter of interest?

A) $\mu$
B) $p$

Quizplus · Accepted Answer

The target parameter of interest is the average parking time, which is represented by the population mean, denoted by $\mu$.

Parking at a Large University Can Be Extremely Difficult at Times