Need help with this question The bootstap method of constructing confidence inte
ID: 3134030 • Letter: N
Question
Need help with this question
The bootstap method of constructing confidence intervals:
A. requires fewer assumptions than the traditional CI methods, but it's more computationally intensive.
B. is less computationally intensive than traditional CI methods but requires more stringent assumptions
C. is more computationally intensive than traditional CI methods and requires more stringent assumptions.
A. requires fewer assumptions than the traditional CI methods, but it's more computationally intensive.
B. is less computationally intensive than traditional CI methods but requires more stringent assumptions
C. is more computationally intensive than traditional CI methods and requires more stringent assumptions.
D.requires fewer assumptions than the traditional CI methods and it's less computationally intensive.Explanation / Answer
A. requires fewer assumptions than the traditional CI methods, but it's more computationally intensive. [ANSWER]
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As we can see, the bootstrap method can deal with almost any distribution. However, we need to derive more variable values from the distribution to obtain confidence intervals.