The Central Limit Theorem Is Important in Statistics Because _____

question 48

Multiple Choice

The Central Limit Theorem is important in statistics because _____.

• A) for a large n, it says the sampling distribution of the sample mean is approximately normal, regardless of the population
• B) for any population, it says the sampling distribution of the sample mean is approximately normal, regardless of the sample size
• C) for a large n, it says the population is approximately normal
• D) for any size sample, it says the sampling distribution of the sample mean is approximately normal

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Definitions:

Accounts

Recordings within financial accounting that track specific types of transactions, such as assets, liabilities, equity, expenses, and income.

Journal

A comprehensive record of all financial transactions of a business, listed in chronological order.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.

Transactions

Financial activities that involve the exchange of assets, services, or liabilities between two parties.