Sales Prices of Baseball Cards from the 1960s Are Known

question 124

Multiple Choice

Sales prices of baseball cards from the 1960s are known to possess a skewed-right distribution with a mean sale price of $5.25 and a standard deviation of $2.80. Suppose a random sample of 100 cards from the 1960s is selected. Describe the sampling distribution for the sample mean sale price of the selected cards.

• A) skewed-right with a mean of $5.25 and a standard error of $2.80
• B) normal with a mean of $5.25 and a standard error of $0.28
• C) skewed-right with a mean of $5.25 and a standard error of $0.28
• D) normal with a mean of $5.25 and a standard error of $2.80