Sales prices of baseball cards from the 1960's are known to possess a skewed-right distribution with a mean sale price of $5.25 and a standard deviation of $2.80. suppose a random sample of 100 cards from the 1960's is selected. describe the sampling distribution for the sample mean sale price of the selected cards.
Question
Answer:
Given the following information
about the sales prices of baseball cards from the 1960's:
They are known to possess a
skewed-right distribution
The mean sale price is $5.25
The standard deviation is $2.80.
If a random sample of 100 cards
from the 1960's is selected:
The distribution would be Normal
The mean would be $5.25
The standard error would be $0.28
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11 months ago
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