A Sample of 92 Observations Is Taken from an Infinite

question 56

Multiple Choice

A sample of 92 observations is taken from an infinite population.The sampling distribution of is approximately

• A) normal because is always approximately normally distributed.
• B) normal because the sample size is small in comparison to the population size.
• C) normal because of the central limit theorem.
• D) none of these alternatives is correct.

---

Definitions:

Outstanding Checks

Checks that have been written and recorded in the check register but have not yet been cleared or deducted from the account balance by the bank.

Bank Fee

Charges imposed by banking institutions for various services provided, such as account maintenance, ATM use, or overdrafts.

Reconciled Balance

The balance reported in the accounting records of an entity after adjustments, entries, and reconciliations have been made to the bank statement balance.

Bank Statement

A document provided by a bank that summarizes an account’s transactions and balance over a specific period.