Lock, Statistics: Unlocking the Power of Data, 2e PRINTER VERSION 4 BACK NEXT AS

Question

Lock, Statistics: Unlocking the Power of Data, 2e PRINTER VERSION 4 BACK NEXT ASSIGNMENT RESOURCES Chapter 3, Section 1, Exercise 029 Hollywood Movies Sum18-Assignment 5 The dataset HollywoodMovies contains information on more than 900 movies that came out of Hollywcod between 2007 and 2013. One of the variables is the budget (in millions of dollars) to make the movie. Figure 1 shows two boxplots. One represents the budget data for one random sample of size n = 30, The other represents the values in a sampling distribution of 1000 means of budget data from samples of size 30. Exercise 014 hapter 3, Section 1 Chapter 3, Section 2 Chapter 3 Section 3 30 40 50 60 70 80 90 0 50 100 150 200 250 Exercise 106 Chapter 3, Section 4 Figure 1 One sample and one sampling distribution: Which is which? Click here for the dataset associated with this question Chepter 3, Section 4 McCandless, D., "Most Profitable Hollywood Movies," "Information is Beautiful, davidmccandless.com, accessed July 2015 (a) Which is which? Chapter 6, Section 1-CI. ?Chapter 6, section 2-CL One random sample The sampling distribution Review Results by Study Objective

Explanation / Answer

a)

One random sample is Graph b

Since the sampling distribution will have median at the centre, hence

The sampling distribution is Graph a

b)

From Graph b

No of values included = 30

Minimum = 5

Maximum = 230

c)

From Graph a

No of values included = 30

Minimum = 32

Maximum = 87

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