If time and computing facilities are available, consider
Chapter 7, Problem 1E(choose chapter or problem)
If time and computing facilities are available, consider the following 40 losses, due to wind-related catastrophes, that were recorded to the nearest $1 million (these data include only those losses of $2 million or more, and, for convenience, they have been ordered and recorded in millions of dollars):
2 2 2 2 2 2 2 2 2 2
2 2 3 3 3 3 4 4 4 5
5 5 5 6 6 6 6 8 8 9
15 17 22 23 24 24 25 27 32 43
To illustrate bootstrapping, take resamples of size \(n=40\) as many as \(N=100\) times, computing the value of \(T=(\bar{X}-5) /(S / \sqrt{40})\) each time. Here the value 5 is the median of the original sample. Construct a histogram of the bootstrapped values of \(T\).
Equation Transcription:
Text Transcription:
n=40
N=100
T=(X-5)/(S/sqrt 40)
T
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