Solved

Suppose It Is Known That the Income Distribution in a Particular

Question 42

Multiple Choice

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 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.
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 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.
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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions