The distribution of income in some Third World countries is considered very right skewed (many very poor people, very few middle income people, and even fewer wealthy people). Suppose we pick a country with a severely right skewed distribution. Let the average salary be $2,000 per year with a standard deviation of $8,000. We randomly survey 1,000 residents of that country. a. What is the sampling distribution of the sample mean, including name of the distribution, its mean, and standard error, ?

MATLAB: An Introduction with Applications
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The distribution of income in some Third World countries is considered very right skewed (many very poor people, very few middle income people, and even fewer wealthy people).

Suppose we pick a country with a severely right skewed distribution. Let the average salary be $2,000 per year with a standard deviation of $8,000. We randomly survey 1,000 residents of that country.

a. What is the sampling distribution of the sample mean, including name of the distribution, ___________, its mean, ___________ and standard error, ___________?
Transcribed Image Text:The distribution of income in some Third World countries is considered very right skewed (many very poor people, very few middle income people, and even fewer wealthy people). Suppose we pick a country with a severely right skewed distribution. Let the average salary be $2,000 per year with a standard deviation of $8,000. We randomly survey 1,000 residents of that country. a. What is the sampling distribution of the sample mean, including name of the distribution, ___________, its mean, ___________ and standard error, ___________?
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