Data 2.12 on page 119 describes information from a sample of 157 restaurant bills collected at the

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Data 2.12 on page 119 describes information from a sample of 157 restaurant bills collected at the First Crush bistro. The data is available in RestaurantTips. Create a bootstrap distribution using this data and find and interpret a 95% confidence interval for the average tip left at this restaurant. Find the confidence interval two ways: using the standard error and using percentiles. Compare your results.


Data 2.12 on page 119

The owner of a bistro called First Crush in Potsdam, New York, is interested in studying the tipping patterns of its patrons. He collected restaurant bills over a two-week period that he believes provide a good sample of his customers. The  data from 157 bills are stored in RestaurantTips and include the amount of the  bill, size of the tip, percentage tip, number of customers in the group, whether or not a credit card was used, day of the week, and a coded identity of the  server.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Unlocking The Power Of Data

ISBN: 9780470601877

1st Edition

Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock

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