3.93 Automobile DepreciationFor a random sample of 20 automobile models, we record the value ofthe model as a new car and the value after the car has beenpurchased and driven 10 miles.47 The difference betweenthese two values is a measure of the depreciation on the car justby driving it off the lot. Depreciation values from oursample of 20 automobile models can be found in the datasetCarDepreciation.
- Find the mean and standard deviation of theDepreciation amounts inCarDepreciation.
- Use StatKey or other technology to create a bootstrapdistribution of the sample mean of depreciations. Describe theshape, center, and spread of this distribution.
- Use the standard error obtained in your bootstrap distributionto find and interpret a 95% confidence interval for the mean amounta new car depreciates by driving it off the lot.
Notes: Please solve using Rstudio. show all work, includingRstudio code. Also, You will need to make a bootstrap distributionin this one.
Thank you
