According to the Central Limit Theorem, for Large Samples the Standard

question 55

True/False

According to the Central Limit Theorem, for large samples the standard error of the sample mean is the population standard deviation divided by the square root of the sample size.

---

Definitions:

Respondeat Superior

A doctrine under which a principal-employer is liable for any harm caused to a third party by an agent-employee in the course or scope of employment.

Apparent Authority

Apparent authority refers to a situation in which a person appears to be given power to act on behalf of another, thereby binding the principal through the agent's actions, even if the actual authority has not been granted.

Misrepresentation

The act of providing false or misleading information, intentionally or unintentionally, in a transaction.

Scope of Authority

The boundaries within which decisions can be made or actions can be taken by an agent as authorized by a principal.