Question: Continuing Problem 5 generate a random sample of 50 players

Continuing Problem 5, generate a random sample of 50 players for each of the eight years in the P08_05.xlsx file. For each of these samples, construct a 95% confidence interval for the mean total salary for that year. What is the confidence level that any particular one of these confidence intervals includes the population mean for that year? Is this the same confidence level that all eight of these confidence intervals include the respective population means? Why or why not?

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  • CreatedApril 01, 2015
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