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.
Correct Answer:
Verified
Q66: A company has determined that the mean
Q73: The impact on sampling of increasing the
Q75: The State Department of Weights and Measures
Q78: The following values represent the population of
Q79: If the monthly electrical utility bills of
Q80: The Olsen Agricultural Company has determined that
Q81: A sample of 25 observations is taken
Q81: In a recent report, it was stated
Q83: A population, with an unknown distribution, has
Q92: A pharmaceutical company claims that only 5
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents