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The statement that describes the sampling distribution of the sample mean is: Approximately normal with mean $206,274 and standard deviation $3,788.
<h3>Sampling distribution of the sample mean </h3>
Using this formula
Standard deviation= Standard deviation /√Random sample
Where:
Standard deviation=$37,881
Random sample=100
Let plug in the formula
Standard deviation= $37,881/√100
Standard deviation=$37,881/10
Standard deviation=$3,788
Inconclusion the statement that describes the sampling distribution of the sample mean is: Approximately normal with mean $206,274 and standard deviation $3,788.
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