Example: Mean NFL Salary
The built-in dataset "NFL Contracts (2015 in millions)" was used to construct the two sampling distributions below. In the first, a sample size of 10 was used. In the second, a sample size of 100 was used.
Sample size of 10:
200Show Data TableGenerate 100 Samples Choose samples of size n =samples = 5000mean = 2.195std. error = 0.936Generate 10 SamplesGenerate 1 SampleLeft TailTw o - TailRight TailNFL Contr acts (2015 in millions)Sampling Dotplot of MeanEdit DataUpload File Change ColuReset Plot10150 100500122.1953456789Generate 100 0 SamplesSample size of 100:
120Show Data TableGenerate 100 SamplesChoose samples of size n =samples = 5000mean = 2.236std. error = 0.296Generate 10 SamplesGenerate 1 SampleLeft TailTwo - TailRight TailNFL Contracts (2015 in millions)Sampling Dotplot of MeanEdit D ataUpload FileChange ColuReset Plot1001008060402001.501.752.002.252.502.753.003.25Generate 1000 Samples2.236With a sample size of 10, the standard error of the mean was 0.936. With a sample size of 100 the standard error of the mean was 0.296. When the sample size increased the standard error decreased.
Also know that the population was strongly skewed to the right. With the smaller sample size, the sampling distribution was also skewed to the right, though not as strongly skewed as the population. With the larger sample size, the sampling distribution was approximately normal.
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