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Exhibit 13-10
-Consider Exhibit 13-10. Which of the lines represents the opportunity of funds available for investment?
Central Limit Theorem
A statistical theory that states the distribution of the sample mean of a large enough number of independent, identically distributed variables will be approximately normal, regardless of the population's distribution.
Sample Means
The average value of a sample, which is a subset of a larger population, used to estimate the population mean.
Normally Distributed
A statistical distribution where data points are symmetrically distributed around the mean, forming a bell-shaped curve.
Standard Deviation
An indicator of the degree to which a dataset's values vary or are spread, showing the distance of the values from the average.
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