If a Random Sample of Size N Is Drawn from a Normal

question 127

Multiple Choice

If a random sample of size n is drawn from a normal population,then the sampling distribution of the sample mean $\bar { X }$ will be:

• A) normal for all values of n.
• B) normal only for n > 30.
• C) approximately normal for all values of n.
• D) approximately normal only for n > 30.

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Definitions:

Mutually Exclusive

Situations or events that cannot both occur at the same time, indicating a clear choice between two options.

Required Rate

The minimum return an investor expects to achieve on an investment to compensate for its risk.

Net Present Value

A financial metric that calculates the value of projected future cash flows, discounted back to their present value.

Funds

Financial resources that are saved or obtained for a specific purpose or project, often pooled together from multiple sources.