The Set-Aside Program Designates That a Percentage of Government Contracts

question 106

True/False

The set-aside program designates that a percentage of government contracts must be awarded to qualifying small businesses.

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Definitions:

Central Limit Theorem

A statistical theory stating that the distribution of sample means approximates a normal distribution as the sample size becomes larger, regardless of the population's distribution.

Normal Distribution

A statistical distribution where data forms a symmetrical bell-shaped curve around the mean, representing how many natural phenomena are distributed.

Attribute Inspection

An inspection that classifies items as being either good or defective.