Refer to the analysis of car buyers in Exercise. (a) Suppose the distribution of the ages of

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Refer to the analysis of car buyers in Exercise.
(a) Suppose the distribution of the ages of the buyers of the Cadillac Escalade is skewed. Does this affect the use of a normal model as the sampling distribution? How skewed can the data become without preventing use of the t-test?
(b) The distribution of the ages of these buyers is in fact bimodal, with one group hovering near 30 and the other at 60+. How does this observation affect the test?
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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