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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

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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
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