Suppose X Has a Distribution That Is Not Normal

question 89

Multiple Choice

Suppose X has a distribution that is not normal. The Central Limit Theorem is important in this case because:

• A)it says the sampling distribution of is approximately normal for any sample size.
• B)it says the sampling distribution of is approximately normal if n is large enough.
• C)it says the sampling distribution of is exactly normal, for any sample size.
• D)None of these choices.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, clearing the way for the next accounting period.

Periodic Financial Statements

Reports that are issued at regular intervals, such as monthly, quarterly, or annually, summarizing a company's financial position.

Accounting Period

A specific period of time used for financial reporting purposes, typically a quarter or year.