Question

The daily sales at a convenience store have a mean of $1350 and a standard deviation of $150. The mean of the sampling distribution of the mean sales of a sample of 25 days for this convenience store is:

Answer 1

The mean of the sampling distribution = $1350

Explanation:

Given -

Population mean
`\boldsymbol{(\\u)}` = $1350

Standard deviation = $150

Sample size ( n ) = 25

The mean of the sampling distribution = population mean

`\boldsymbol{(\\u)_(M)} = \boldsymbol{(\\u)}`

The mean of the sampling distribution = $1350