A report announced that the median sales price of new houses sold one year was ​$211,000​, and the mean sales price was ​$271,600. Assume that the standard deviation of the prices is $80,000. If you select samples of n=100​, describe the shape of the sampling distribution of X.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A report announced that the median sales price of new houses sold one year was ​$211,000​, and the mean sales price was ​$271,600. Assume that the standard deviation of the prices is $80,000.

If you select samples of n=100​, describe the shape of the sampling distribution of X.

A. The sampling distribution will be approximately normal.

B. The sampling distribution will depend on the specific sample and will not have a constant shape.

C. The sampling distribution will be approximately uniform.

D. The sampling distribution is skewed to the​ right, but less skew to the right than the population.

 

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