The Basis for Using a Normal Probability Distribution to Approximate

question 31

Multiple Choice

The basis for using a normal probability distribution to approximate the sampling distribution of is​

• A) ​Chebyshev's theorem.
• B) ​The empirical rule.
• C) ​The central limit theorem.
• D) ​Bayes' theorem.

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Definitions:

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The strategy of making a product or service stand out from competitors through distinctive qualities or features.

Concentrated

Focusing resources or efforts on a limited area or segment, often to achieve a more significant impact or deeper understanding.

Niche

A specialized segment of the market for a particular kind of product or service.

Undifferentiated

A marketing strategy where a company markets its product or service to all potential consumers in the same manner, without segmentation.