The Central Limit Theorem States That the Shape of the Distribution

question 37

Multiple Choice

The central limit theorem states that the shape of the distribution of averages for samples follows what kind of distribution?

• A)Attribute
• B)Poisson
• C)Binomial
• D)Continuous
• E)Normal

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Definitions:

Simple Interest

Interest figured only on the principal balance, or on the portion of the principal balance that is still due.

Closing Balance

The amount of money in an account at the end of a period, after all transactions have been accounted for.

Bank Account

A financial account maintained by a bank or another financial institution in which the deposits, withdrawals, and balances of a customer are recorded.

Maturity Value

The sum owed to an investor at the conclusion of a fixed-duration investment, encompassing both the original amount invested and the accrued interest.