According to the National Association of Colleges and Employers Spring 2015 Salary Survey, the average starting salary

Question:

According to the National Association of Colleges and Employers Spring 2015 Salary Survey, the average starting salary for 2014 college graduates was $48,127. Suppose that the mean starting salary of all 2014 college graduates was $48,127 with a standard deviation of $9200, and that this distribution was strongly skewed to the right. Let x be the mean starting salary of 25 randomly selected 2014 college graduates. Find the mean and the standard deviation of the sampling distribution of x. What are the mean and the standard deviation of the sampling distribution of x if the sample size is 100? How do the shapes of the sampling distributions differ for the two sample sizes? 

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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: