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1. A sample of 25 Ford Mustang prices (in thousands of US dollars) was used to generate the bootstrap distribution of sample means below. (a)
1. A sample of 25 Ford Mustang prices (in thousands of US dollars) was used to generate the bootstrap distribution of sample means below. (a) Estimate the mean of the original sample of Mustang prices. (b) The distribution was created using 1000 bootstrap statistics. Use the distribution to estimate a 99% condence interval for the mean Mustang price of the population. 15.953 2. A sample of 500 Atlanta commute times was used to generate the bootstrap distribution of sample standard deviations below. (a) Estimate the standard deviation of the original sample of Atlanta commute times. (b) The distribution was created using 1000 bootstrap statistics. Use the distribution to estimate a 99% condence interval for the standard deviation of the population. 30 20 20.704
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