prices of houses in the US is strongly skewed to the right with a mean of $383,500 and a standard deviation of $289,321. A real estate agent takes a random sample of 30 houses and records the mean price. What is the best description for the sampling distribution? skewed to the right with a mean of 383,500 and a standard deviation of 52,823 skewed to the right with a mean of 383,500 and a standard deviation of 289,321 approximately Normal

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

The prices of houses in the US is strongly skewed to the right with a mean of $383,500 and a standard deviation of $289,321. A real estate agent takes a random sample of 30 houses and records the mean price. What is the best description for the sampling distribution?

skewed to the right with a mean of 383,500 and a standard deviation of 52,823
skewed to the right with a mean of 383,500 and a standard deviation of 289,321
approximately Normal with a mean of 383,500 and a standard deviation of 52,823
approximately Normal with a mean of 383,500 and a standard deviation of 289,321
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman