The prices of houses in the US is strongly skewed to the right with a mean of $383,500 and a standard deviation of $289,321. A real estate agent takes a random sample of 30 houses and records the mean price. What is the best description for the sampling distribution?
Answer
A
skewed to the right with a mean of 383,500 and a standard deviation of 52,823
B
skewed to the right with a mean of 383,500 and a standard deviation of 289,321
C
approximately Normal with a mean of 383,500 and a standard deviation of 52,823
D
approximately Normal with a mean of 383,500 and a standard deviation of 289,321