Question: Consider the soft drink delivery time data in Example 3.1 . Find the bootstrap estimate of the standard deviation of 1 using the following

Consider the soft drink delivery time data in Example 3.1 . Find the bootstrap estimate of the standard deviation of ˆ

β1 using the following numbers of bootstrap samples: m = 100, m = 200, m = 300, m = 400, and m = 500. Can you draw any conclusions about how many bootstrap samples are necessary to obtain a reliable estimate of the precision of estimation for ˆ

β1?

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