A simple random sample of corporate executives is taken and their annual salaries recorded.The goal is to estimate the 25% trimmed mean of the annual salaries of the population of all corporate executives.To do this,we bootstrap the 25% trimmed mean using our sample and obtain the bootstrap distribution. Suppose we sampled 1500 corporate executives.Summary statistics are given below. What is the bootstrap,t,95% confidence interval for the 25% population trimmed mean?
A) $237,448.22
$8,068.40
B) $237,601.97
$8,068.40
C) $237,601.97
$301.35
D) A t interval is probably not safe to use in this scenario.
Correct Answer:
Verified
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