The file MedSalaries is a random sample of n 100 salaries of medical doctors who were teaching at United States universities in 2009 a Create a bootstrap distribution of the mean by taking 1000 resamples ( with replacement) Create a bootstrap t confidence interval and a bootstrap percentile distrib...

Refer to the R or Minitab instructions for constructing the bootstrap distributions and confidence i ...

The file MedSalaries is a random sample of n = 100 salaries of medical doctors who were

Question:

The file MedSalaries is a random sample of n = 100 salaries of medical doctors who were teaching at United States universities in 2009.
a. Create a bootstrap of the mean by taking 1000 resamples ( with replacement). Create a bootstrap t confidence interval and a bootstrap percentile to estimate the mean salaries.
b. Create a bootstrap of the standard deviation by taking 1000 resamples ( with replacement). Create a bootstrap t confidence interval and a bootstrap percentile to estimate the population standard deviation.
c. Use Formula (1.2) to create a 95% confidence interval for the mean. Compare this confidence intervals to those in Part A. Would you expect these intervals to be similar? Why or why not?
d. Explain why Formula (1.2) cannot be used to create a 95% confidence interval for the standard deviation.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...