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Yes. It only tells you about variability within the sampled values. If you don't sample outliers, or get unlucky and same many non-representative vvalues, it ca
by spekcular 5y ago
Yes. It only tells you about variability within the sampled values. If you don't sample outliers, or get unlucky and same many non-representative vvalues, it can't tell you what you're missing out on (obviously).
- disgruntledphd2 5y agoYeah, like your bootstrap estimate of max or min will be pretty crap. Works well for central tendencies though.