A Sample of 24 Observations Is Taken from a Population

question 82

Multiple Choice

A sample of 24 observations is taken from a population that has 150 elements. The sampling distribution of is

• A) approximately normal because is always approximately normally distributed
• B) approximately normal because the sample size is large in comparison to the population size
• C) approximately normal because of the central limit theorem
• D) normal if the population is normally distributed

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Definitions:

Gain or Loss

Refers to the financial result of a transaction where assets exceed liabilities (gain) or liabilities exceed assets (loss).

Disposal

The process of getting rid of an asset or substance, which can involve selling, recycling, or throwing away.

Book Value

The net value of a company's assets, subtracting liabilities and generally expressed on a per-share basis.

Book Value

The net value of an asset reported on the balance sheet, calculated as the asset's cost minus accumulated depreciation.