A large corporation employs 19185 individuals. The average income of all employees is $70616, with a standard deviation of $19414 and is skewed to the right. Consider this to be the population...


A large corporation employs 19185 individuals. The average income of all employees is $70616, with a standard deviation of $19414 and is skewed to the right. Consider this to be the population distribution.


You are given a data set consisting of the incomes of 120 randomly selected employees.


A large corporation employs 19185 individuals. The average income of all employees is $70616, with a<br>standard deviation of $19414 and is skewed to the right. Consider this to be the population distribution.<br>You are given a data set consisting of the incomes of 120 randomly selected employees.<br>• The population mean is µ =<br>• The population standard deviation is o =<br>• The sample size is n =<br>• Since the sample size is relatively large, the Central Limit Theorem tells us that the sample averages<br>should have a sampling distribution that is (O skewed to the right approximately normal).<br>• The sampling distribution of the sample means is centered at the (O populationo sample) mean.<br>• The sampling distribution has a standard deviation of<br>Round to two decimal places.<br>

Extracted text: A large corporation employs 19185 individuals. The average income of all employees is $70616, with a standard deviation of $19414 and is skewed to the right. Consider this to be the population distribution. You are given a data set consisting of the incomes of 120 randomly selected employees. • The population mean is µ = • The population standard deviation is o = • The sample size is n = • Since the sample size is relatively large, the Central Limit Theorem tells us that the sample averages should have a sampling distribution that is (O skewed to the right approximately normal). • The sampling distribution of the sample means is centered at the (O populationo sample) mean. • The sampling distribution has a standard deviation of Round to two decimal places.

Jun 11, 2022
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