The distribution of the amount of money in savings accounts

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Reference no: EM13610443

The distribution of the amount of money in savings accounts for University of Miami students has an average of 1,100 dollars and a standard deviation of 1000 dollars. Suppose that we take a random sample of 10 University of Miami students and ask them how much they have in their savings account. The sampling distribution of the sample mean amount of money in a savings account is

A. approximately Normal, with a mean of 1100 and a standard error of 316.23

B. not approximately normal

C. approximately Normal, with a mean of 1100 and a standard error of 1000

D. Approximately Normal with an unknown mean and standard error

Reference no: EM13610443

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