"Let me ask you guys this -- if by chance I accidentally had the JPG color to "bright" instead of "normal" would that influence the RAW file?"
NO.
"I shot a portrait a couple of weeks ago in DNG and JPG with the K7 and all of the skin tones look very oversaturated in Lightroom and I am trying to figure out why."
What and how are you adjusting your parameters? The results of the tones are greatly controlled/fixed/enhanced/muted etc by the correct or proper use of the sliders. My advice...and the biggest help I think you may find is...go to
Adobe Photoshop Lightroom Killer Tips and DL (you can see samples first) some of the presets available there for free. There are a myriad of presets (free!!) in which you can DL into the development module in LR which can give you excellent starting places in developing photos for many different uses and outcomes. I have about 30-40 I have DL'd from that site and used them and even tailored them for my own tastes...it was a huge help in getting some instant gratification with developing in LR. Studying the settings within each preset and how it affects the photo image can also teach you about each control, individually or together.
At the end of the day, LR is a great piece of software and the K-7, in capable hands is a fantastic tool. Keep at it and I think you'll be very pleased.
Jason