When Selecting a Bootstrap Sample,which of the Following Statements Is

question 23

Multiple Choice

When selecting a bootstrap sample,which of the following statements is true?

• A)We select another sample from the population of interest.This resample must have the same number of observations as the original sample.
• B)We select a sample with replacement from the original sample observations.This resample must have the same number of observations as the original sample.
• C)We select another sample from the population of interest.This resample must have more observations than the original sample in order to increase the accuracy of our estimates.
• D)We select a sample without replacement from the original sample observations.This resample must have the same number of observations as the original sample.
• E)We select a sample with replacement from the original sample observations.This resample must have fewer observations than the original sample.

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Definitions:

Supply

The total amount of a good or service available for purchase at any given price level, within a specified period.

Law of Demand

A fundamental economic principle stating that as the price of a product decreases, demand for it usually increases, and vice versa.

Surpluses

Situations in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Market Prices

Refers to the specific values at which commodities, securities, or services are traded in a competitive marketplace.