MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The following data represent the price (in dollars) per square foot of three-bedroom condominiums sold in a particular city.
416
477
435
516
538
381
447
354
527
484
411
443
(a) Using a seed of 487, use the StatCrunch "Bootstrap a statistic" applet to generate 2000 bootstrap samples and find the sample mean for each bootstrap sample. What is the sample mean of the
first bootstrap sample (Sample 1)?
(b) Find and interpret a 95% confidence interval based on the 2000 bootstrap samples.
(a) $
(Round to the nearest dollar as needed.)
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Transcribed Image Text:The following data represent the price (in dollars) per square foot of three-bedroom condominiums sold in a particular city. 416 477 435 516 538 381 447 354 527 484 411 443 (a) Using a seed of 487, use the StatCrunch "Bootstrap a statistic" applet to generate 2000 bootstrap samples and find the sample mean for each bootstrap sample. What is the sample mean of the first bootstrap sample (Sample 1)? (b) Find and interpret a 95% confidence interval based on the 2000 bootstrap samples. (a) $ (Round to the nearest dollar as needed.)
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