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The average income in a state was $59,000 per person per year. Suppose the standard deviation is $27,000 and the distribution is right-skewed. Suppose we
The average income in a state was $59,000 per person per year. Suppose the standard deviation is $27,000 and the distribution is right-skewed. Suppose we take a random sample of 100 residents of the state.
What is the expected sample mean and why?
What is the standard error for the sample mean?
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