To Generate a Bootstrap Standard Error of an Estimate, There

question 12

Multiple Choice

To generate a bootstrap standard error of an estimate, there are four steps. Which of these is not one of them?

• A) First, obtain a random sample from the original data using a computer.
• B) Second, using the values in the first step, calculate the variance of the estimate.
• C) Third, perform the first and second steps over and over again.
• D) Fourth, calculate the standard deviation of all the values from step three; this is the bootstrap standard error.

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Definitions:

Overdraw

Occurs when an account's balance goes below zero because more money has been withdrawn from the account than was available.

Sales Receipt

A document that provides evidence of a transaction in which goods or services are purchased and paid for in full at the time of the sale.

Time of Sale

The exact moment a transaction is completed and finalized, often referring to the point when a customer makes a payment to a merchant in exchange for goods or services.

Cash

Money in the form of coins or banknotes, especially that used to pay for goods or services.