Examlex
The fact that a company has written checks that have not yet been processed by its bank means that the bank's records will show a lower account balance than the company's books will show.
Central Limit Theorem
A theory stating that when samples are large enough, their mean will be approximately normally distributed, regardless of the population's distribution.
Standard Error
A statistical measure that quantifies the variability or dispersion of a sample statistic from the population parameter it estimates.
Population Distribution
A term that describes how the values of a variable are distributed across an entire population.
Sampling Distribution
The probability distribution of a given statistic based on a random sample.
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