Question: Exercise 3. (5 points) For this exercise, the only extra packages allowed are boot and Ecdat. Consider the dataset Strike in the package Ecdat. The

Exercise 3. (5 points) For this exercise, the only extra packages

Exercise 3. (5 points) For this exercise, the only extra packages allowed are boot and Ecdat. Consider the dataset Strike in the package Ecdat. The dataset contains a variable named duration that measures the length of some factory strikes (in number of days). An economist is interested in studying that duration variable. If n is the sample size, and X, represent the duration of strike i, then the economist is interested in computing the quantity log (X.)

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