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The Central Limit Theorem is considered powerful in statistics because it works for any population distribution provided the sample size is sufficiently large and the population mean,and standard deviation are known.
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Information, understanding, and skills that individuals acquire through experience or education; the theoretical or practical understanding of a subject.
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Organizations that have legal rights and responsibilities, recognized as such by law, such as corporations, partnerships, and sole proprietorships.
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Legal arrangements where two or more entities collaborate towards a common objective, sharing responsibilities and benefits.
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The process of dividing an organization into specialized units or departments for efficiency and effectiveness.
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