The Theory That, as Sample Size Increases, the Distribution of Sample

question 3

Short Answer

The theory that, as sample size increases, the distribution of sample means of size n, randomly selected, approaches a normal distribution is known as the _____________ _______.

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Definitions:

Past Event

An occurrence that has taken place in the past and is relevant to the accounting and financial statements of an entity.

Recognition

The process of incorporating an item into the financial statements of an entity, including measuring its value.

Positive Theories

Theories that attempt to explain how things are in the world of finance and accounting, based on empirical evidence and facts.

Real-World Observations

Empirical data or evidence gathered from the real world, used to inform or support research, theories, and decision-making.