The following data represent the selling price (in thousands of dollars) of oceanfront condominiums in Daytona Beach
Question:
The following data represent the selling price (in thousands of dollars) of oceanfront condominiums in Daytona Beach Shores, Florida.
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(a) Draw a boxplot of the data. Explain why a t-interval should not be constructed.
(b) Obtain 1000 bootstrap samples and determine the mean of each sample. Draw a histogram of the 1000 means. Comment on the shape of the distribution.
(c) Construct a 95% confidence interval for the mean selling price of oceanfront condominiums in Daytona Beach Shores, Florida using the 1000 bootstrap samples from part (b)?
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a A t interval cannot be constructed because there ...View the full answer
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Related Book For 
Statistics Informed Decisions Using Data
ISBN: 9780134133539
5th Edition
Authors: Michael Sullivan III
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