Bootstrap Method – Estimating a Population Mean
Last week we did our third project that focuses on introducing inferential statistics earlier in the semester. Download the Activity (pdf) Here The bootstrap method repeatedly samples from a sample (with replacement) to help develop an interval estimate of any population parameter. For example, if there is a sample of 10 numerical values we select 10 values (with replacement) and compute the mean of that sample. We then repeat that process for a total of 1000 samples. We can then…