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3. Baseball Players’ Salaries. We have access to data regarding the salaries of all professional
baseball players in 2019. That is, if we consider all professional baseball players in 2019 our
subjects of interest, then we have information on every individual in the population. In this
problem, we are going to examine how varying the sample size impacts the sampling distribution
of the sample mean. We will be using an applet called StatKey to complete this problem. Before
you work on this problem, please watch the Lecture video for MODULE 4, Part 3
to understand how to use the applet. Then, open a web browser on your computer and
going to the following website:
http://lock5stat.com/statkey/sampling_1_quant/sampling_1_quant.html


(j) Take 2,000 more samples of size n = 50 from the population.
i. Report the value of the mean of the 2,003 sample means to 3 decimal places.
ii. Report the value of the standard error of the 2,003 sample means to 3 decimal places.

Sagot :

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