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.
University officials have determined that the confidence interval would be more useful if the interval were narrower. Which of the following changes in the confidence level would result in a narrower interval?
A) The university could increase their confidence level.
B) The university could decrease their confidence level.
Correct Answer:
Verified
Q1: A study was conducted to determine what
Q2: For quantitative data, the target parameter is
Q3: Explain what the phrase 95% confident means
Q4: A retired statistician was interested in determining
Q5: Which statement best describes a parameter?
A) A
Q8: A 90% confidence interval for the average
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