The Central Limit Theorem States That,if a Random Sample of Size

question 134

Multiple Choice

The Central Limit Theorem states that,if a random sample of size n is drawn from a population,then the sampling distribution of the sample mean $\bar { X }$ :

• A) is approximately normal if n < 30.
• B) is approximately normal if n > 30.
• C) is approximately normal if the underlying population is normal.
• D) None of these choices.

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Definitions:

Closing Rate

The exchange rate used to convert foreign currency-denominated financial statements of a subsidiary into the reporting currency of the parent company at the balance sheet date.

Foreign Subsidiary

A company that is completely or partially owned and controlled by another company, but operates in a different country than the parent company.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually reflected in its financial statements.

Assets and Liabilities

The resources owned by a company or individual that have value (assets) and the obligations owed to others (liabilities).