A Sampling Distribution for Average Salary of NFL Players Use StatKey or other technology to generate a
Question:
A Sampling Distribution for Average Salary of NFL Players Use StatKey or other technology to generate a sampling distribution of sample means using a sample of size \(n=5\) from the YearlySalary values in the dataset NFLContracts2015, which gives the total and yearly money values from the contracts of all NFL players in 2015.
(a) What are the smallest and largest YearlySalary values in the population?
(b) What are the smallest and largest sample means in the sampling distribution?
(c) What is the standard error (that is, the standard deviation of the sample means) for the sampling distribution for samples of size \(n=5\) ?
(d) Generate a new sampling distribution with samples of size \(n=50\). What is the standard error for this sampling distribution?
Step by Step Answer:
a Smallest and largest YearlySalary values in the population Using the NFLContracts2015 dataset we c...View the full answer
Statistics, Enhanced Unlocking The Power Of Data
ISBN: 9781119308843
2nd Edition
Authors: Robin H Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F Lock, Dennis F Lock
