The average income in a state was $64 comma 64,000 per person per year. Suppose the standard deviation is $29 comma 29,000 and the distribution is right-skewed. Suppose we take a random sample of...

The average income in a state was

$64 comma 64,000

per person per year. Suppose the standard deviation is

$29 comma 29,000

and the distribution is right-skewed. Suppose we take a random sample of 100 residents of the state. Complete parts (a) and (b) below.

a. What value should we expect for the sample mean? Why?

b. What is the standard error for the sample mean?

Jun 04, 2022

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