True or False: the Central Limit Theorem Is Considered Powerful

question 29

True/False

True or False: The Central Limit Theorem is considered powerful in statistics because it works
for any population distribution provided the sample size is sufficiently large and the population
mean and standard deviation are known.

---

Definitions:

Significant Individually

Refers to the condition when an individual variable or factor is statistically significant on its own within a model or experiment.

Annual Income

The total amount of income received in a year from all sources before taxes and other deductions.

Square Foot

A unit of area measurement equal to the area of a square with sides of one foot in length.

Family Size

A demographic term that refers to the number of individuals in a household, including parents and children.