Use the Central Limit Theorem to find the mean and standard error of the mean of the sampling distribution. Then sketch a graph of the sampling distribution. The mean price of photo printers on a website is $248 with a standard deviation of $65. Random samples of size 25 are drawn from this population and the mean of each sample is determined. The mean of the distribution of sample means is The standard deviation of the distribution of sample means is. (Type an integer or decimal rounded to three decimal places as needed.) Sketch a graph of the sampling distribution. Choose the correct answer below. O A. ов. Oc. OD. 248 248 443 Mean price (in $) 287 248 Mean price (in $) 251 209 245 Mean price (in $) 53 Mean price (in $)

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.