A Random Sample of 50 Students Were Randomly Selected from Your

question 18

Multiple Choice

A random sample of 50 students were randomly selected from your campus.Each student was asked to record their income and their average grade,as a percentage,for the 2010/2011 school year.The sample correlation coefficient was found to be -0.43.Ten subsequent bootstrap samples based on this initial sample produced the following correlation coefficients: -0.51,-0.33,-0.42,-0.45,-0.48,-0.44,-0.48,-0.56,-0.38,-0.39.Based on these ten resamples,find the bootstrap of the standard error of the sample correlation.

• A)0.0214
• B)0.0005
• C)-0.444
• D)0.2135
• E)0.0675

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Definitions:

Constant

An unchanging or fixed condition in an equation or experiment, serving as a benchmark or point of reference.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (like producing a specific good or service) more efficiently than another activity.

Opportunity Cost

The cost of opting for one alternative over another, represented by the foregone benefits of the option not chosen.

France

A country in Western Europe known for its rich history, cultural heritage, and significant contributions to art, science, and philosophy.