Test for median price of 1 BR apartments in Manhattan
Let's turn our attention back to Manhattan apartments. We would like to evaluate whether this data provides evidence that the median rent of 1 BR apartments in Manhattan is greater than $2,500.
This exercise is part of the course
Inference for Numerical Data in R
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
n_replicates <- 15000
# Generate 15000 bootstrap samples centered at null
rent_med_ht <- manhattan %>%
specify(response = rent) %>%
# Use a point hypothesis with a median of 2500
___(null = "___", med = ___) %>%
generate(reps = n_replicates, type = "bootstrap") %>%
calculate(stat = "median")
# See the result
rent_med_ht