As the Sample Size $n$ Increases, the Shape of the Distribution of the Sample Means

question 49

Short Answer

As the sample size $n$ increases, the shape of the distribution of the sample means taken with replacement from a population with mean $\mu$ and standard deviation $\sigma$ , will approach a normal distribution. This distribution will have a mean of $\mu$ and a standard deviation of $\frac { \sigma } { \sqrt { n } }$ . This is a statement of the___________

---

Definitions:

Unauthorized Signature

A signature placed on a document by someone not authorized by the proper entity or individual, potentially leading to legal issues.

Dishonored

refers to a financial instrument, such as a check or bill of exchange, that has been refused acceptance or payment.

Overdue

Overdue refers to a situation where a payment or obligation has not been met by its specified due date.

Cashier's Check

A check issued by a bank, drawn from the bank’s own funds and signed by a cashier or teller, guaranteed by the bank.