According to the Central Limit Theorem Used in Inferential Statistics

question 39

Multiple Choice

According to the central limit theorem used in inferential statistics,

• A)the bigger your sample,the better your results.
• B)when drawing many random samples,the samples form a normal curve with the highest point of the distribution equal to the population parameter.
• C)the best estimate of population parameters comes when one uses the inverse square of the z-probability distribution.
• D)90 percent of all samples drawn in a simple random manner will contain some error.
• E)in order to infer from a sample to a population,the sampling error must equal zero.

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Definitions:

Raw Materials

Raw materials are the fundamental ingredients or components that are processed to manufacture goods.

Asset

An item or resource owned by an individual or a business, having economic value and expected to provide future benefits.

Direct Material

Raw materials that are directly incorporated into a finished product and can be easily traced.

Indirect Material

Materials used in the production process that can't be directly traced to a finished product, such as lubricants and cleaning supplies.