1. My wife and I are purchasing my son a Ford Ranger because he just passed his driving test and received his
license. Here is a sample of prices (in 1000's of $) of the Rangers we are looking to purchase.
7, 8, 9, 9, 10, 10, 10, 12
a) Write down 3 potential bootstrap samples. What must be true about any bootstrap sample?
b) What is the main purpose of bootstrapping?
c) Use StatKey to create a bootstrap distribution of 1,000 samples. What does each dot in the doploc
represent?
d) Calculate and interpret a 95% confidence interval for $\mu$.