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MSC 287 – 03 Business Statistics I
MSC 287 – 03 Business Statistics I

Section 6.4
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... The COE’s mean GRE score of the 565, and the standard deviation equals 75, and there are 300 students in the COE. Our degrees of freedom equals 299 for this test (df=300-1). Looking at the column in the t table on p.682 with the “Level of Significance for One-Tailed Test” equals 0.05 and the df equa ...
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Mid-semester exam- example items

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Bayesian Statistical Inference Introductory Toy Example Suppose

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Course Notes - Miles Finney

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< 1 ... 234 235 236 237 238 239 240 241 242 ... 382 >

Bootstrapping (statistics)



In statistics, bootstrapping can refer to any test or metric that relies on random sampling with replacement. Bootstrapping allows assigning measures of accuracy (defined in terms of bias, variance, confidence intervals, prediction error or some other such measure) to sample estimates. This technique allows estimation of the sampling distribution of almost any statistic using random sampling methods. Generally, it falls in the broader class of resampling methods.Bootstrapping is the practice of estimating properties of an estimator (such as its variance) by measuring those properties when sampling from an approximating distribution. One standard choice for an approximating distribution is the empirical distribution function of the observed data. In the case where a set of observations can be assumed to be from an independent and identically distributed population, this can be implemented by constructing a number of resamples with replacement, of the observed dataset (and of equal size to the observed dataset).It may also be used for constructing hypothesis tests. It is often used as an alternative to statistical inference based on the assumption of a parametric model when that assumption is in doubt, or where parametric inference is impossible or requires complicated formulas for the calculation of standard errors.
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