Question
Asked Jan 16, 2020
1 views

Annual Incomes Annual incomes are known to have a distribution that is skewed to the right instead of being normally distributed. Assume that we collect a large ( n > 30) random sample of annual incomes. Can the distribution of incomes in that sample be approximated by a normal distribution because the sample is large? Why or why not?

check_circle

Expert Answer

Step 1

It is given that the annual incomes distributed skewed to the right and the l...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Math

Statistics

Advanced Topics in Statistics

Related Statistics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Medical Malpractice In a study of 1228 randomly selected medical malpractice lawsuits, it was found ...

A: According to the provided data, it was found that 856, x out of 1228, n randomly selected medical ma...

question_answer

Q: In Exercises 1–5, assume that 74% of randomly selected adults have a credit card (based on results f...

A: Binomial distribution:The binomial distribution gives the probability of number of successes out of ...

question_answer

Q: you want to know how how arizonia workers age 16 or older travel to work. To estimate the percentage...

A: Individual:Collected data which can be associated with a single element in a sample is called indivi...

question_answer

Q: Cola Cans A random sample of 20 aluminum cola cans with thickness 0.0109 in. is selected and the axi...

A: Click to see the answer

question_answer

Q: Let A and B be events of a sample space. a. Suppose that A and (not B) are mutually exclusive. Expla...

A: a)Here, events A and (not B) are mutually exclusive. This means that event A and ‘not B’ are does no...

question_answer

Q: Checks In a recent year, the author wrote 181 checks. Find the probability that on a randomly select...

A: Mean of Poisson distribution:The formula is given by,

question_answer

Q: Construct a frequency distribution for the given data set using 6 classes. In the table, include the...

A: The class width is calculated as follows:

question_answer

Q: Standard Normal Distribution Identify the requirements necessary for a normal distribution to be a s...

A: The normal distribution:A continuous random variable X is said to follow normal distribution with me...

question_answer

Q: Standard Normal Distribution. In Exercises 17–36, assume that a randomly selected subject is given a...

A: Standard normal table:Since, mean is 0 and standard deviation is 1, consider the following standard ...