The Daily Revenue at a University Snack Bar Has Been

question 23

Multiple Choice

The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $2700 and the standard deviation is $400. The distribution is skewed to the right due to several high volume days (football game days) . Suppose that 100 days are randomly selected and the average daily revenue computed. Which of the following describes the sampling distribution of the sample mean?

• A) normally distributed with a mean of $2700 and a standard deviation of $40
• B) normally distributed with a mean of $2700 and a standard deviation of $400
• C) normally distributed with a mean of $270 and a standard deviation of $40
• D) skewed to the right with a mean of $2700 and a standard deviation of $400

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Definitions:

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