Annual incomes are known to have a distribution that is skewed to the right instead of being

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Annual incomes are known to have a distribution that is skewed to the right instead of being normally distributed. Assume that we collect a large (n > 30) random sample of annual incomes. Can the distribution of incomes in that sample be approximated by a normal distribution because the sample is large? Why or why not?
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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Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

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