Suppose the selling price of homes is skewed right with a mean of 350,000 and a standard deviation of 160000 If we record the selling price of 40 randomly selected US homes what will be the shape of the distribution of sample means what will be the mean of this distribution what will be the standard deviation of this distribution

The distribution will be approximately normal, with mean 350,000 and standard deviation 25,298.

Step-by-step explanation:

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation , the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean and standard deviation .

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

Population:

Suppose the selling price of homes is skewed right with a mean of 350,000 and a standard deviation of 160000

Sample of 40

Shape approximately normal

Mean 350000

Standard deviation

The distribution will be approximately normal, with mean 350,000 and standard deviation 25,298.

europa2433

europa2433

step-by-step explanation:

answer: im gonna go with milli

step-by-step explanation: