Resampling/bootstrapping
Included is data from cities describing the Median Education ("Education") or the Percentage of White collar workers. Divide all the cities listed into two groups: ones with median education above 11 and ones with median education below 11. Use a re-sampling technique to determine whether the percentage of white collar workers is different for cities with median educations below and above 11.
I have NO IDEA where to begin with this. I assume I would need to do something like Bootstrapping.
See the attached file.
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I have answered it on the Excel file.
Note:
Step 1 - I used the ...
Solution Summary
The solution uses a re-sampling technique to determine whether the percentage of white collar workers is different for cities with median educations below and above 11.