Respuesta :
Answer:
The sampling distribution of the sample mean price will be approximately normal with mean $1.34 and standard deviation $0.0537.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sample means with size n of at least 30 can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex]
What will be the shape of the sampling distribution of the sample mean price
Mean = $1.34
Standard deviation [tex]s = \frac{0.36}{\sqrt{45}} = 0.0537[/tex]
The sampling distribution of the sample mean price will be approximately normal with mean $1.34 and standard deviation $0.0537.
