The distribution of the amount of money in savings accounts for Florida State students has an average of 1,200 dollars and a standard deviation of 900 dollars. Suppose that we take a random sample of 10 Florida State students and ask them how much they have in their savings account. The sampling distribution of the sample mean amount of money in a savings account is

By the Central Limit Theorem, the sampling distribution of the sample mean amount of money in a savings account is approximately normal with mean of 1,200 dollars and standard deviation of 284.6 dollars.

Step-by-step explanation:

Central Limit Theorem

The Central Limit Theorem establishes 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.

Average of 1,200 dollars and a standard deviation of 900 dollars.

This means that

Sample of 10.

This means that

The sampling distribution of the sample mean amount of money in a savings account is

By the Central Limit Theorem, approximately normal with mean of 1,200 dollars and standard deviation of 284.6 dollars.

answer are

step-by-step explanation:

.95

step-by-step explanation: