Question
The manager of Citi Bike Share in New York City wants to estimate the proportion of all bike rentals made by a subscriber. On April
The manager of Citi Bike Share in New York City wants to estimate the proportion of all bike rentals made by a subscriber. On April 6th, 2023, in a random sample of 330 rentals, 232 were made by monthly subscribers.
Data gathered from https://ride.citibikenyc.com/system-data
Question 1A
Use StatKeyLinks to an external site. to construct a bootstrap sampling distribution for a single proportion given Count = 232 and Sample Size = 330.: Generate 5000 samples.
Question3B:
Per your StatKeyLinks to an external site. results above, what is the standard error?
(Simply enter the answer found in your output, using 3 decimal places.)
Question 3C:
Use the general form of a confidence interval (see the formula below) to construct a 99% confidence interval to estimate the population proportion of all reservations that were made by subscribers. Remember to show all work.
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