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Compute the mean estimate for the other garage

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Reference no: EM131749434

Question: Insurance fraud? Jocko's Garage has been accused of insurance fraud. Data on estimates made by Jocko and another garage were obtained for 10 damaged vehicles. Here is what the investigators found:

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(a) Compute the mean estimate for Jocko and the mean estimate for the other garage. Report the difference in the means and the 95% confidence interval. Choose the appropriate t procedure for your analysis and explain why you made this choice.

(b) Use the bootstrap to find the confidence interval. Be sure to give details about how you used the bootstrap, which options you chose, and why.

(c) Compare the t interval with the bootstrap interval.

Reference no: EM131749434

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