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

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

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