The Economist collects data each year on the price of a Big Mac in various countries around
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The Economist collects data each year on the price of a Big Mac in various countries around the world. A sample of McDonald?s restaurants in Europe in 2016 resulted in the following Big Mac prices (after conversion to U.S. dollars):
a. What characteristic of the sample indicates that the methods based on the t distribution may not be appropriate?
b. Use the Shiny app given output to estimate the mean price of a Big Mac in Europe using a 95% bootstrap confidence interval.
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Related Book For
Introduction To Statistics And Data Analysis
ISBN: 9781337793612
6th Edition
Authors: Roxy Peck, Chris Olsen, Tom Short
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