Mathematics, 22.05.2020 01:07 tressasill
The amount of money collected by a coffee shop has been recorded daily for the past five years. Records indicate that the mean daily amount collected is $4000 and the standard deviation is $450. The distribution is skewed to the right. Suppose that 60 days were randomly selected from the five years and the average amount collected from these days was recorded. Which of the following describes the sampling distribution of the sample mean?a) Normally distributed with a mean of $4000 and a standard deviation of $450.b) Skewed to the right with a mean of $4000 and a standard deviation of $450.c) Normally distributed with a mean of $400 and a standard deviation of $45.d) Normally distributed with a mean of $4000 and a standard deviation of $45.
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The amount of money collected by a coffee shop has been recorded daily for the past five years. Reco...
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