The Daily Revenue at a University Snack Bar Has Been

Multiple Choice

The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $1500 and the standard deviation is $500. The distribution is skewed to the right due to several high volume days (football game days) . Suppose that 100 days are randomly selected and the average daily revenue computed. Which of the following describes the sampling distribution of the sample mean?

A) normally distributed with a mean of $1500 and a standard deviation of $500
B) skewed to the right with a mean of $1500 and a standard deviation of $500
C) normally distributed with a mean of $150 and a standard deviation of $50
D) normally distributed with a mean of $1500 and a standard deviation of $50