Mathematics, 28.07.2020 14:01 sippincoronas

The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $2700 and the standard deviation is $400. The distribution is skewed to the right due to several high volume days (football game days). Suppose that 100 days are randomly selected and the average daily revenue computed. According to the Central Limit Theorem, which of the following describes the sampling distribution of the sample mean? a. Normally distributed with a mean of $2700 and a standard deviation of $40
b. Normally distributed with a mean of $2700 and a standard deviation of $400
c. Skewed to the right with a mean of $2700 and a standard deviation of $400
d. Skewed to the right with a mean of $2700 and a standard deviation of $40

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:50, maxstmichel3868

For the equations below which statement is true ?

Answers: 2

continue

Mathematics, 21.06.2019 21:00, harleyandpope90

Find the values of the variables in the kite

Answers: 1

continue

Mathematics, 21.06.2019 23:30, kelyanthecrafte

Astudent must have an average on five test that is greater than it equal to 80% but less than 90% to receive a final grade of b. devon's greades on the first four test were 78% 62% 91% and 80% what range if grades on the fifth test would give him a b in the course? ( assuming the highest grade is 100%)

Answers: 1

continue

Mathematics, 22.06.2019 00:00, rafamoreura

Which of the following will form the composite function?

Answers: 1

continue

You know the right answer?

The daily revenue at a university snack bar has been recorded for the past five years. Records indic...