Question: The following data represent the prices for a 4 GB flash memory card from online retailers. Treat these data as a simple random sample of
The following data represent the prices for a 4 GB flash memory card from online retailers. Treat these data as a simple random sample of all online retailers. In Problem 35 from Section 9.2, we obtained a 95% confidence interval for the mean price.
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(a) Construct a 95% confidence interval for the mean price of a 4 GB Flash Memory Card using a bootstrap sample with 1000 resamples.
(b) Draw a histogram of the 1000 sample means. What is the shape of the histogram?
(c) Compare the bootstrap confidence interval to the t-interval.
14.75 12.25 13.49 13.76 14.99 15.27 15.95 20.49 14.99 17.88
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