According to the Central Limit Theorem

question 7

Multiple Choice

According to the central limit theorem:

• A)As the size of the sample increases, the theoretical sampling distribution based on that sample size will become more skewed.
• B)As the size of the sample increases, its mean will become increasingly closer to the population mean.
• C)As the size of the sample increases, its mean will become farther away from the population mean
• D)None of these are correct.

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Definitions:

Market Mechanisms

The use of market principles and forces to allocate resources and determine prices within an economy.

Formal Lines

Predetermined channels of communication and authority within an organization, established through its structure and policies to ensure effective coordination and control.

Virtual Organization

A network of continually evolving independent organizations that share skills, costs, and access to one another’s markets.

Independent Companies

Businesses that operate on their own, without being owned or controlled by a larger corporation.