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Basic Question 2 of 2

Which statement is FALSE about bootstrapping?

I. It does not make assumptions about the distribution of your data.
II. It can select a data point more than once for a resampled dataset.
III. It creates resampled datasets that are the same size as the original dataset.
IV. Each simulated dataset has its own set of sample statistics, such as the mean, median, and standard deviation.

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe the use of bootstrap resampling in conducting a simulation based on observed data in investment applications

CFA® 2024 Level I Curriculum, Volume 1, Module 6.