Lets simulate the sampling distribution related to the disc jockeys concern for length of cut in Exercise

Question:

Let’s simulate the sampling related to the disc jockey’s concern for “length of cut” in Exercise
7. 62.
a. Use a computer to randomly generate 50 samples, each of size 10, from a normal with mean 135 and standard deviation 10. Find the “sample total” and the sample mean for each sample.
b. Using the 50 sample means, construct a histogram and find their mean and standard deviation.
c. Using the 50 sample “totals,” construct a histogram and find their mean and standard deviation.
d. Compare the results obtained in parts b and c. Explain any similarities and any differences observed.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...