The Central Limit Theorem Is Considered Powerful in Statistics Because

question 122

True/False

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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Definitions:

Controllable Margin

A measure of profitability that represents the amount of income over which managers have control, usually after direct costs have been deducted from revenues.

ROI

Return on Investment, a measure used to evaluate the financial performance of an investment by dividing the benefit (or return) of the investment by its cost.

Investment Center

A business unit within an organization that is responsible not only for generating profits but also for managing its own investments and capital.

Rate of Return

measures the gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.