Step 1: Examine the shape of your bootstrap distribution
Use the histogram to examine the shape of your bootstrap distribution. The bootstrap distribution is the distribution of means from each resample. The bootstrap distribution should appear to be normal. If the bootstrap distribution is non-normal, you cannot trust the results.
Step 2: Determine a confidence interval for the population mean
First, consider the mean from the bootstrap sample, and then examine the confidence interval.
The mean of the bootstrap sample is an estimate of the population mean. Because the mean is based on sample data and not the entire population, it is unlikely that the sample mean equals the population mean. To better estimate the population mean, use the confidence interval.
Confidence intervals are based on the sampling distribution of a statistic. If a statistic has no bias as an estimator of a parameter, its sampling distribution is centered at the true value of the parameter. A bootstrapping distribution approximates the sampling distribution of the statistic. Therefore, the middle 95% of values from the bootstrapping distribution provide a 95% confidence interval for the parameter. The confidence interval helps you assess the practical significance of your estimate for the population parameter. Use your specialized knowledge to determine whether the confidence interval includes values that have practical significance for your situation.
Minitab does not calculate the confidence interval when the number of resamples is too small to obtain an accurate confidence interval.
Bootstrap Samples for Mean
95% CI for μ
Key Results: Mean, 95% Confidence Interval
In these results, the estimate for the population mean is approximately 11.3. You can be 95% confident that the population mean is between approximately 9.9 and 12.9.