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Hoping to lure more shoppersdowntown, a city builds a new public parking garage in the central business district. The city plans to pay for the
Hoping to lure more shoppersdowntown, 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 44weekdays, daily fees collected averaged$126, with a standard deviation of$15. Suppose that for budget planningpurposes, the city needs a better estimate of the mean daily income from parking fees.
(b) Would the95% confidence interval be worse for theplanners?
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