2) Suppose that an Internet source shows that the mean fare for one-way flights for business travel is $217.00, the lowest in five years.215 samples of 45 one-way fares for business travel are collected across the United States,

Use the information above to address the following questions:

a) Using the Central Limit Theorem, what can be stated about the shape of the sampling distribution of sample means of fares of one-way flights? Why?

b) What is the mean of the sampling distribution of fares of one -way flights?

The mean of the sampling distribution will equal the mean of the population therefore =217

c) What is the standard deviation of the sampling distribution of fares of one-way flights?