According to an estimate, the average price of homes in Marthas Vineyard, Massachusetts, was $650,000 in 2011

Question:

According to an estimate, the average price of homes in Martha’s Vineyard, Massachusetts, was $650,000 in 2011 (USA Today, August 11, 2011). Suppose that the current population of home prices in Martha’s Vineyard has a mean of $650,000 and a standard deviation of $140,000, but the shape of this is unknown. Let be the average price of a random sample of certain homes selected from Martha’s Vineyard. Calculate the mean and the standard deviation of the sampling of and describe its shape for a sample size of
a. 20
b. 100
c. 400
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...