ticket sales for a local concert totaled $101,244 yesterday. After the ticket window closed today, the cashiers counted 968 tick
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Answer:
The mean of the sampling distribution of x is 0.5 and the standard deviation is 0.083.
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
For the population, we have that:
Mean = 0.5
Standard deviaiton = 0.289
Sample of 12
By the Central Limit Theorem
Mean = 0.5
Standard deviation
The mean of the sampling distribution of x is 0.5 and the standard deviation is 0.083.