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A Real Estate Agency with Property All Throughout the Midwest

Question 29

Multiple Choice

A real estate agency with property all throughout the Midwest is interested in home prices within the state of Michigan.The average price of a simple random sample of residential properties in the Upper Peninsula is compared to the average price of a simple random sample of residential properties in the Lower Peninsula.From the collected data,2440 resamples without replacement are taken.The distribution of the difference in means based on the resamples is shown below (in thousands of dollars) . A real estate agency with property all throughout the Midwest is interested in home prices within the state of Michigan.The average price of a simple random sample of residential properties in the Upper Peninsula is compared to the average price of a simple random sample of residential properties in the Lower Peninsula.From the collected data,2440 resamples without replacement are taken.The distribution of the difference in means based on the resamples is shown below (in thousands of dollars) .   What type of resampling method was used in this scenario? A) Bootstrap B) Permutation C) Neither bootstrap nor permutation What type of resampling method was used in this scenario?


A) Bootstrap
B) Permutation
C) Neither bootstrap nor permutation

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