Random samples of size 8 are drawn from the population and the mean of each sample is

Question:

Random samples of size 8 are drawn from the population and the mean of each sample is determined. Is the sampling distribution of sample means normally distributed? Explain.

The per capita disposable income for residents of a U.S. city in a recent year is normally distributed, with a mean of about $44,000 and a standard deviation of about $2450.

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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