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Get Full Access to Probability And Statistical Inference - 9 Edition - Chapter 7.7 - Problem 7.7-1
Get Full Access to Probability And Statistical Inference - 9 Edition - Chapter 7.7 - Problem 7.7-1

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# If time and computing facilities are available, consider the following 40 losses, due to

ISBN: 9780321923271 41

## Solution for problem 7.7-1 Chapter 7.7

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Problem 7.7-1

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): 2222222222 2233334445 5556666889 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 = ( X 5)/(S/ 40 ) each time. Here the value 5 is the median of the original sample. Construct a histogram of the bootstrapped values of T.

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