Suppose that college students with a checking account typically write relatively few checks in any given month,

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Suppose that college students with a checking account typically write relatively few checks in any given month, whereas people who are not college students typically write many more checks during a month. Suppose that 50% of a bank’s accounts are held by students and that 50% are held by people who are not college students. Let x denote the number of checks written in a given month by a randomly selected bank customer.
a. Give a sketch of what the population distribution of x might look like.
b. Suppose that the mean value of x is 22.0 and that the standard deviation is 16.5. If a random sample of n = 100 customers is to be selected and  denotes the sample mean number of checks written during a particular month, where is the sampling distribution of  centered, and what is the standard deviation of the  distribution? Sketch a rough picture of the sampling distribution.
c. What is the approximate probability that  is at most 20? At least 25?
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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