Other ways to look at Jockos estimates. Refer to the

Chapter , Problem 16.99

(choose chapter or problem)

Other ways to look at Jockos estimates. Refer to the previous exercise. Lets consider some other ways to analyze these data. GARAGE (a) For each damaged vehicle, divide Jockos estimate by the estimate from the other garage. Perform your analysis on these data. Write a short report that includes numerical and graphical summaries, your estimate, the95% t confidence interval, the 95% bootstrap confidenceinterval, and an explanation for all choices (such aswhether you chose to examine the mean or the median,bootstrap options, etc.).(b) Compute the mean of Jockos estimates and themean of the estimates made by the other garage. DivideJockos mean by the mean for the other garage. Reportthis ratio and find a 95% confidence interval for thisquantity. Be sure to justify choices that you made forthe bootstrap.(c) Using what you have learned in this exercise and theprevious one, how would you summarize the comparisonof Jockos estimates with those made by the other garage?Assume that your audience knows very little about statisticsbut a lot about insurance