A report announced that the median sales price of new houses sold one year was $

Question

A report announced that the median sales price of new houses sold one year was $221,000, and the mean sales price was $274,800. Assume that the standard deviation of the prices is $80,000. Complete parts (a) through (d) below. (a) If you select samples of n 2, describe the shape of the sampling distribution of X. Choose the correct answer below. O A. The sampling distribution will be approximately normal. O B. The sam pling distribution will depend on the specific sample and will not have a constant shape. ° C. The sampling distribution is skewed to the right, but less skewed to the right than the population O D. The sampling distribution will be approximately uniform.

Explanation / Answer

Ans:

As,mean>media,population distribution is right skewed.

Option C is correct.

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