Calculate the mean and standard deviation

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Suppose that the incomes of all people in the United States who own hybrid (gas and electric) automobiles are normally distributed with a mean of $78,000 and a standard deviation of $7800. Let be the mean income of a random sample of 40 owners of suchautomobiles. Calculate the mean and standard deviation of and describe the shape of its sampling distribution.

Reference no: EM132844635

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