The Central Limit Theorem Is Important in Statistics Because

question 105

Multiple Choice

The Central Limit Theorem is important in statistics because

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

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Definitions:

Management Team

The group of individuals responsible for the strategic planning and day-to-day operations of a company.

Business Plan

A document projecting a firm’s physical and financial performance into the future. Business plans can be short or long range. Long-range plans are “strategic” and tend to be more verbal than financial. Shorter-term plans are described as “operational,” and detail the more routine running of the business.

Dividend Policy

A company's strategy or guidelines dictating how often dividends will be paid to shareholders, the form of the dividend, and how much will be distributed.

Contingencies

Potential events or conditions that may occur in the future and could impact the financial performance or operations of a business.