Sales Prices of Matchbox Cars from the 1960s Are Known

Multiple Choice

Sales prices of matchbox cars from the 1960s are known to possess a skewed-right distribution with a mean sale price of $5.25 and a standard deviation of $2.80.Suppose a random sample of 100 cars from the 1960s is selected.Describe the sampling distribution for the sample mean sale price of the selected cars.

A) Skewed-right with a mean of $5.25 and a standard error of $2.80.
B) Normal with a mean of $5.25 and a standard error of $2.80.
C) Normal with a mean of $5.25 and a standard error of $0.28.
D) Skewed-right with a mean of $5.25 and a standard error of $0.28.