There were 855 major league baseball players in 2012 and their mean salary was m = 3.44 million dollars with standard deviation s = 4.70 million dolla

Albarellak

Albarellak

Answered question

2020-12-17

There were 855 major league baseball players in 2012 and their mean salary was m=3.44 million dollars with standard deviation s=4.70 million dollars.If we take random samples of size n=30 players and calculate the mean salary, in millions of dollars, of each sample, describe the shape, center, and standard error of the distribution of sample means.

Answer & Explanation

irwchh

irwchh

Skilled2020-12-18Added 102 answers

Step 1
If a sample is drawn =, then the sample will follow normal distribution because all the sampling distributions approximately follows the normal distribution with mean, m and standard deviation, n.
Therefore, the shape of distribution is approximately symmetric.
Step 2
The mean is same, i.e. m=3.44 million dollars and the standard error is,
SE=8n
4.730=0.8581 milion dollars

Do you have a similar question?

Recalculate according to your conditions!

New Questions in College Statistics

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?