According to Crown ATM Network, the mean ATM withdrawal is $67. Assume that the standard deviation for

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According to Crown ATM Network, the mean ATM withdrawal is $67. Assume that the standard deviation for withdrawals is $35.

(a) Do you think the variable “ATM withdrawal” is normally distributed? If not, what shape would you expect the variable to have?

(b) If a random sample of 50 ATM withdrawals is obtained, describe the sampling distribution of x̄, the mean withdrawal amount.

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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a No the variable ATM withdrawal is not likely normally distributed It is likely skewed right ...View the full answer

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