Suppose Studentsʹ Ages Follow a Skewed Right Distribution with a Mean

question 8

Multiple Choice

Suppose studentsʹ ages follow a skewed right distribution with a mean of 24 years old and a standard deviation of 3 years. If we randomly sample 350 students, which of the following
Statements about the sampling distribution of the sample mean age is incorrect?

• A)The mean of the sampling distribution is approximately 24 years old.
• B)The shape of the sampling distribution is approximately normal.
• C)The standard deviation of the sampling distribution is equal to 3 years.
• D)All of the above statements are correct.

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Definitions:

Dividends

The distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

NCI Entry

A journal entry that records the non-controlling interest's share of equity in the consolidated financial statements.

Equity

The value of an owner’s interest in a company, represented by the difference between the company's assets and liabilities.

Dividends

Payments made by a corporation to its shareholder members from the profits or reserves available for distribution, reflecting a share in the company's earnings.