The salaries of professional baseball players are heavily skewed right with a mean of $3.2 million and a standard deviation of $2 million. The salaries of professional football players are also heavily skewed right with a mean of $1.9 million and a standard deviation of $1.5 million. A random sample of 40 baseball players’ salaries and 35 football players’ salaries is selected. The mean salary is determined for both samples. Let represent the difference in the mean salaries for baseball and football players. Which of the following represents the shape of the sampling distribution for ? skewed right since the populations are both right skewed skewed right since the differences in salaries cannot be negative approximately Normal since both sample sizes are greater than 30 approximately Normal since the sum of the sample sizes is greater than 30
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
The salaries of professional baseball players are heavily skewed right with a
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