According to a report in The New York Times, bank tellers in the United States earn an

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According to a report in The New York Times, bank tellers in the United States earn an average of $25,510 a year (Jessica Silver-Greenberg, The New York Times, April 22, 2012). Suppose that the current distribution of salaries of all bank tellers in the United States has a mean of $25,510 and a standard deviation of $4550. Let x̅  be the average salary of a random sample of 200 such tellers. Find the mean and standard deviation of the sampling distribution of x̅. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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