Because of the Principle of _____, When Sample Sizes Are

question 116

Multiple Choice

Because of the principle of _____, when sample sizes are at least 30, the distribution will most likely resemble a normal distribution.

• A) parametric statistics
• B) nonparametric statistics
• C) the central limit theorem
• D) robustness

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Definitions:

Balance Sheet Credit Column

The section of the balance sheet where liabilities and equity accounts are listed, typically reflecting sources of the company’s funds.

Worksheet

A document or tool used for planning, organizing information, solving problems, and making calculations.

Income Summary

An account used in closing entries to collect the revenue and expenses for a specific accounting period before transferring the net result to capital.

Expenses

Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.