As Sample Size Increases, a Sampling Distribution of the Mean

question 18

Multiple Choice

As sample size increases, a sampling distribution of the mean will approximate a normal distribution, regardless of the shape of the distribution of scores in the population. This characteristic of the sampling distribution of the mean is stated in the.

• A)principle of normalcy
• B)principle of empiricism
• C)central limit theorem
• D)independence theorem

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Definitions:

Federal Reserve Banks

The regional banks that make up the Federal Reserve System, the central banking system of the United States, responsible for monetary policy and financial supervision.

Money Stock

The total quantity of money available in the economy at a particular time, including cash, coins, and balances held in checking and savings accounts.

Federal Reserve System

The central banking system of the United States, responsible for implementing monetary policy and regulating the banking industry.

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits and other liquid assets held by the central bank.