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Average monthly sales A large corporation employs 27,251 individuals. The average income in 2008 for all employees was $74,550 with a standard deviation of $19,872. You are interested in comparing the incomes of today’s employees with those of 2008. A random sample of 100 employees of the corporation yields
- a. Describe the center and variability of the population distribution. What shape does it probably have? Explain.
- b. Describe the center and variability of the data distribution. What shape does it probably have? Explain.
- c. Describe the center and variability of the sampling distribution of the sample
mean for n = 100. What shape does it have? Explain. - d. Explain why it would not be unusual to observe an individual who earns more than $100,000, but it would be highly unusual to observe a sample mean income of more than $100,000 for a random
sample size of 100 people.
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