The Distribution of Sample Means ____

question 13

Multiple Choice

The distribution of sample means ____ .

• A)is always a normal distribution.
• B)will be normal only if the population distribution is normal.
• C)will be normal only if the sample size is at least n = 30.
• D)we be normal if either the population is normal or the sample size is n > 30.

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Definitions:

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.

Economy's Capacity

The maximum level of output that an economy can sustain over a period of time without increasing inflation.

Bowed Outward

A description of a production possibility frontier that displays increasing opportunity costs as more of one good is produced.

Specialized Resources

Inputs in the production process that have specific uses and are not easily adaptable to other types of production.