### Finding a Sampling Distribution for a Mean1. Open StatKey and click on the word **mean** in the box for **Sampling Distributions**.2. Select **Hollywood Movies - 2e (Budget)** from the top left drop-down menu. Notice that the picture on the right shows a dot plot and all the summary statistics of the population of all movie budgets.3. Change the sample size to be $ n = 10 $. Generate 5000 samples.---#### Questions:**a)** What does each dot in this plot represent?**b)** What is the standard error for these sample means?**c)** How would you describe the shape of this sampling distribution?---(There are no additional graphs or diagrams included in this image.)

The sample size n=10 and the number of samples =5000.

Open StatKey and click on the word mean in the box for Sampling Distributions. Select Hollywood Movies - 2e (Budget) from the top left drop-down menu. Notice th. the picture on the right shows a dot plot and all the summary statistics of the population of all movie budgets Change the sample size to be n = 10. Generate 5000 samples. a) What does each dot in this plot represent? b) What is the standard error for these sample means? c) How would you describe the shape of this sampling distribution?

Open StatKey and click on the word mean in the box for Sampling Distributions. Select Hollywood Movies - 2e (Budget) from the top left drop-down menu. Notice th. the picture on the right shows a dot plot and all the summary statistics of the population of all movie budgets Change the sample size to be n = 10. Generate 5000 samples. a) What does each dot in this plot represent? b) What is the standard error for these sample means? c) How would you describe the shape of this sampling distribution?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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