Which of the Following Is the Theory That Allows Us

question 34

Multiple Choice

Which of the following is the theory that allows us to say that if we conducted a survey 1,000 times,and we were to plot the answers to our survey,the plot would appear as a normal curve?

• A)the central limit theorem
• B)the normal curve theory
• C)the normal limit theorem
• D)the confidence interval theorem
• E)the variability coefficient theory

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Definitions:

Cost Of Goods Sold

Expenses directly incurred from the manufacturing of a company’s goods for sale, such as materials and labor.

Gross Profit

The difference between revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Perpetual Inventory System

An inventory management system that updates inventory records for each purchase and sale in real time.

Cost Of Goods Sold

The total expenses directly related to the production of goods sold by a company, including material and labor costs.