A Random Sample of 20 Electricians Is Obtained and the Monthly

question 88

Multiple Choice

A random sample of 20 electricians is obtained and the monthly income is recorded for each one. A researcherplans to use the bootstrap method with 1000 resamples to obtain a 90% confidence interval for the meanmonthly income of all electricians. Which of the following is not true of the resamples?

• A) Each resample will be selected from the population.
• B) Each resample will be selected with replacement.
• C) Each resample will be selected from the original sample.
• D) Each resample will be of the same size as the original sample.

---

Definitions:

Shift Demand

A change in the quantity demanded at every price point, caused by factors other than the price of the product itself.

Derived Demand

Demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Marginal Productivity Theory

An economic theory suggesting that the payment to each factor of production equals the added productivity that one additional unit of the factor brings to the product.