Suppose It Is Known That the Income Distribution in a Particular

question 42

Multiple Choice

Suppose it is known that the income distribution in a particular region is right-skewed and bi-modal.If bank economists are interested in estimating the mean income,which of the following is true?

• A)Provided that the sample size is sufficiently large,the sampling distribution for Will be approximately normal with a mean equal to the population mean that they wish to estimate.
• B)The sampling distribution will also be right-skewed for large sample sizes.
• C)The standard deviation of the sampling distribution for Will be proportionally larger than the population standard deviation,depending on the size of the sample.
• D)The sampling distribution will be left-skewed.

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Definitions:

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Communities where people live together, share resources, and often follow a set of shared social or economic principles.

Lasted Many Years

This phrase typically describes events, relationships, or situations that have continued or endured for an extended period of time.

Autonomy

The capacity and right of individuals to make their own choices and decisions independently, often associated with self-determination and freedom.

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Land or belongings owned by individuals or entities, not by the government or public.