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Take a Test-Tabron shcrts Microsoft Edge 57619194& BUSN5760 QC S2 2017 Tabron Sh

ID: 3219185 • Letter: T

Question

Take a Test-Tabron shcrts Microsoft Edge 57619194& BUSN5760 QC S2 2017 Tabron Shorts & I 48/17 8:57 PM Quiz Week 3 QUIZ CH 7-8 Submit Quiz This Question: 1 pt This Quiz: 10 pts possible A report announced that the median sales price of new houses sold one year was $211,000, and the mean sales price was S271,500. Assume that the standard deviation of prices is $90,000. Complete parts (a through (d) below. the (a) If you select samples of n 2, describe the shape of the sampling distribution of X. Choose the correct answer below. O A. The sampling distribution will be approximately normal. O B. The sampling distribution is skewed to the right, but less skewed to the right than the population. O C. The sampling distribution will be approximately uniform. O D. e sampling distribution will depend on the specific sar ple and vill riot have a curlstant shape. (b) If you select samples of n 00, describe the shape of the sampling distribution of X. Choose the correct answer below. O A. The sampling distribution will be approximately unitom. O B. The sampling distribution is skewed to the right, but lessed skew to the rlght than the population. O C. The sampling distribution will depend on the specific sar ple and vill riot have a constant shape. O D. e sampling distribution will be approximately normal. If ycu select a random sample of n 00, what is the probability that the sample mean will be less than $290,000? The probability that the sample mean wil be less than $290,000 is (Round to four decimal places as needed.) Click to select your answer(s). Save for Later Type o 4/8/20

Explanation / Answer

a) d) is correct b) b) is correct c) P(X
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