Question
Suppose that the distribution of monthly car lease payments for a Toyota Rav4 in California is right-skewed with a mean of $450 and a standard
Suppose that the distribution of monthly car lease payments for a Toyota Rav4 in California is right-skewed with a mean of $450 and a standard deviation of $30. Suppose we take a random sample of n=35 Rav4 owners in the state of California, record the lease payment for each owner in our sample, and the sample mean lease payment is computed. Imagine we repeat this sampling process many times.
What can be said about the distribution of sample mean values?
Choice 1 of 3: The distribution of sample mean values is approximately unimodal and symmetric. Choice 2 of 3: The distribution of the population mean is unimodal and symmetric. Choice 3 of 3: The distribution of sample mean values will reflect the distribution of the population.
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