The average income in the District of Columbia in 2013 was $76,000 per person per year, and

Question:

The average income in the District of Columbia in 2013 was $76,000 per person per year, and that was larger than the average for any state. Suppose the standard deviation is $35,000 and the is right-skewed. Suppose we take a random sample of 100 residents of D.C.
a. What value should we expect for the sample mean? Why?
b. What is the standard error for the sample mean?
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...