In a study of incomes of individual adults in the United States, it is observed that many
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In a study of incomes of individual adults in the United States, it is observed that many people have no income or very small incomes, while there are very few people with extremely large incomes, so a graph of the incomes is skewed instead of being symmetric. A researcher states that because incomes are a normal occurrence, the distribution of incomes is a normal distribution. Is that statement correct? Why or why not?
DistributionThe 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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Solution That statement is incorrect because the incomes of the people in t...View the full answer
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