Mathematics, 31.03.2020 04:44, keigleyhannah30

The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $1500 and the standard deviation is $500. 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 is computed. The sampling distribution has a mean of $1,500 and a standard deviation of $.

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