Mathematics, 09.04.2020 23:58, bryantpropst1395
The amount of money collected by the snack bar at a large university has been recorded daily for the past five years. Records indicate that the mean daily amount collected is $4650 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 were randomly selected from the five years and the average amount collected from those days was recorded. Which of the following describes the sampling distribution of the sample mean?
A. Normally distributed with a mean of $4,650 and a standard deviation of $400
B. Normally distributed with a mean of $465 and a standard deviation of $40
C. Normally distributed with a mean of $4,650 and a standard deviation of $40
D. Skewed to the right with a mean of $4,650 and a standard deviation of $40
E. None of the above
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