USA Today reports salaries for National Football League (NFL) teams. The file Jaguars contains the salaries for
Question:
a. Calculate the average total salary for the Jacksonville Jaguars for 2011.
b. Calculate the smallest sample mean for total salary and the largest sample mean for total salary using a sample size of 10. Calculate the sampling error for each sample mean.
c. Repeat the calculations in part b for samples of size 5 and 2.
d. What effect does a change in the sample size appear to have on the dispersion of the sampling errors?
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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