The Idea That a Large Number of Sample Means or Proportions

question 9

Multiple Choice

The idea that a large number of sample means or proportions will approximate a normal distribution,regardless of the distribution of the population from which they were drawn,is known as:

• A)sample variance
• B)population variance
• C)central limit theorem
• D)random error
• E)simple random sample

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Definitions:

Psychographic Factors

Characteristics of consumers that include lifestyle, values, attitudes, and psychological influences that affect buying behaviors.

Demographic Factors

Attributes of a population such as age, race, gender, income, and education that influence consumer behavior and business strategies.

Internal Data

Information generated from within the organization, used for decision-making, analysis, and strategic planning.

Specific Hours

Defined periods of time during which certain activities or operations are conducted.