Run the BOOTSTRAP program for a random sample of N = 1000, then take 40 bootstrap samples. The program settings should be:   a. Record the Observed Mean, Bootstrap Mean, Bias, and Standard Error....

Run the BOOTSTRAP program for a random sample of N = 1000, then take 40 bootstrap samples. The program settings should be:

a. Record the Observed Mean, Bootstrap Mean, Bias, and Standard Error. Observed Mean _______ Bootstrap Mean _______ Bias __________ SE __________

b. Calculate the 95% Con fi dence Interval around the Bootstrap Mean. 95% CI = Bootstrap Mean +/− 1.96 (SE) = (_______, _______)

c. What does the bootstrap indicate given the bias and con fi dence interval?

d. Does the number of bootstrap samples provide a better bootstrap estimate? YES ____ NO _____

e. What would happen if the random sample of data from the population was not representative?