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Find out the mean and standard deviation of sampling

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Suppose the incomes of all people in America who own hybrid vehicles are distributed with a mean of $58,000 and a standard deviation of $8300. Let x-bar be the mean income of a random sample of 50 such owners . Determine the mean and standard deviation of the sampling distribution and describe its shape. Calculate the probability that the mean of such a sample would be greater than $60,000.

Reference no: EM13473373

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