Bootstrap percentile confidence interval for time to start
Chapter , Problem 16.37(choose chapter or problem)
Bootstrap percentile confidence interval for time to start a business. Consider the random subset of the time to start a business data in Exercise 16.1 (page 16-3). Bootstrap the sample mean using 2000 resamples. (a) Make a histogram and a Normal quantile plot. Does the bootstrap distribution appear close to Normal? Is the bias small relative to the observed sample mean? (b) Find the 95% bootstrap t confidence interval. (c) Give the 95% confidence percentile interval and compare it with the interval in part (b).
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