All generalities like standard deviation and mean are normally taken from sample but meant to represent the whole statistical population. Therefore, it is possible that these estimations could be seri...All generalities like standard deviation and mean are normally taken from sample but meant to represent the whole statistical population. Therefore, it is possible that these estimations could be seriously wrong. Statistical techniques like bootstrapping were designed to minimize the risk of these errors. Bootstrap is based only on the given sample but try to estimate the whole population.
