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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A form of hierarchical political organization in pre-industrial societies ruled by a chief who typically inherits their status.

Formal Authority

The power granted to an individual or organization based on established laws, rules, or positions, enabling them to enforce rules and make decisions.

Military Rank

A hierarchical position in armed forces determining authority, duties, and status.

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Indigenous peoples living in the Arctic regions of Greenland, Canada, and Alaska, known for their rich culture and adaptation to cold environments.