The Central Limit Theorem Plays an Important Role in Statistics

question 90

Multiple Choice

The Central Limit Theorem plays an important role in statistics because it provides information about the shape of the

• A)sampling distribution when the sample size is sufficiently large.
• B)sampling distribution for any sample size.
• C)population distribution for any sample size.
• D)population distribution when the sample size is sufficiently large.

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Definitions:

Purchases Account

An account used in accounting to track all purchases of goods and materials that a business intends to resell.

Cost Of Goods Purchased

The total expense incurred by a company to buy the goods it has purchased for resale, including shipping and handling fees.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, highlighting the efficiency of a company in managing its operations and costs.

Operating Expenses

Costs incurred during the normal operations of a business, excluding the cost of goods sold.