In each part, assume that the population standard deviation is known. Decide whether use of the z-interval
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Explain your answers.
a. The sample data contain no outliers, the variable under consideration is roughly normally distributed, and the sample size is 20.
b. The distribution of the variable under consideration is highly skewed, and the sample size is 20.
c. The sample data contain no outliers, the sample size is 250, and the variable under consideration is far from being normally distributed. 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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