The Central Limit Theorem States That When We Plot the Sample

question 53

True/False

The central limit theorem states that when we plot the sample means, the sampling distribution approximates a normal distribution.

---

Definitions:

Decisions

Conclusions or resolutions reached after consideration, often referring to the outcomes of deliberations in legal, personal, or organizational contexts.

Ethically

In a manner consistent with moral principles and standards of conduct.

Profit Maximization

The process by which a company adjusts its production and sales strategies to achieve the highest possible profit.

Stakeholders

Individuals or groups that have an interest or stake in the outcome of a project, decision, or organization, including customers, employees, investors, and suppliers.