[Answer] There were 5 317 previously owned homes sold in a western city in the year 2000. The distribution of the sales prices of these homes was strongly right-skewed with a mean of $206 274 and a standard deviation of $37 881. If all possible simple random samples of size 100 are drawn from this population and the mean is computed for each of these samples which of the following describes the sampling distribution of the sample mean?

Answer: Approximately normal with mean $206 274 and standard deviation $3 788

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There were 5 317 previously owned homes sold in a western city in the year 2000. The distribution of the sales prices of these homes was strongly right-skewed with a mean of $206 274 and a standard deviation of $37 881...

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