Examlex
The population of soft drink cans filled by a particular machine is known to be normally distributed with a mean equal to 12 ounces and a standard deviation equal to .25 ounce. Given this information, the sampling distribution for a random sample of n = 25 cans will also be normally distributed with a mean equal to 12 ounces and a standard deviation equal to .05 ounce.
Income Mobility
The ability of individuals or families to move up or down the economic ladder within a society over time.
Economic Status
An individual's or area's financial condition and stability, often measured by income, employment, and wealth indicators.
Annual Income
The total amount of money earned by an individual or business in one year from all sources.
Work Effort
The amount of physical or mental energy used to perform a task or achieve an objective.
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