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A U.S.firm opens a factory that produces power tools in Korea.
With Replacement
Sampling with replacement is a method where each selected unit is returned to the population before the next unit is selected, allowing it to be possibly chosen more than once.
Bootstrapping Method
A resampling technique used in statistics to estimate the distribution of a statistic by sampling with replacement from the original dataset.
Bootstrap Distribution
A distribution of estimates generated by resampling from a dataset, used to approximate the sampling distribution of a statistic.
Sampling Distribution
The probability distribution of a statistic based on a random sample, used to estimate the unknown population parameter.
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