Explain the purpose of using the bootstrap method. Choose the correct answer bel

Question

Explain the purpose of using the bootstrap method. Choose the correct answer below. A. The bootstrap method provides a way to artificially increase the sample size of any normally distributed sample. Modern computing power makes this method easy to use. B. The bootstrap method provides a way to quickly sample more people than were possible to sample previously. Modern computing power makes this method easy to use. C. The variability of the resampled point estimates found using the bootstrap method provides information about the accuracy of the original point estimate. Modern computing power makes this method easy to use. D. The bootstrap method provides a way to measure the impact of one variable on the sample, even though many variables may be affecting the original sample. Modern computing power makes this method easy to use.

Explanation / Answer

The bootstrap method provides a way to artificially increase the sample size of any normally distributed sample. Modern computing power makes this method easy to use.

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