SOLVED: 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?
SOLVED: Annual Incomes Annual incomes are known to have a distrib…
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The annual incomes of the five vice presidents of TMV Industries are: 125,000 ; 128,000 ; 122,000 ; 133,000 ; and 140,000 . Consider this a population. a. What is the range? b. What is the arithmetic mean income? c. What is the population variance? The standard deviation? d. The annual incomes of officers of another firm similar to TMV Industries were also studled. The mean was 129,000 and the standard deviation 8,612 . Compare the means and dispersions in the two firms. | Numerade
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SOLVED: Simple Random Sampling: The EAI data has information on the annual incomes of managers and whether they have attended the training program or not. This data comprises all the 2500 managers that work for this organization. Using this information, address the following questions: Select a simple random sample of 150 managers and another of 250 managers and calculate the point estimates for the population mean, standard deviation, and proportion. How do the results you obtained for n = 150
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