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Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for
Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of 38 weekdays, daily fees collected averaged $134, with a standard deviation of $10.
The consultant who advised the city on this project predicted that parking revenues would average at least $135 per day.
Based on your confidence interval, revenues (could / could not) average at least $135 per day.
Briefly defend your answer.
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