In Essence,the Central-Limit Theorem Holds That

question 4

Multiple Choice

In essence,the Central-Limit Theorem holds that

• A)if the sample is large enough,the distribution of sample means will be normal.
• B)if the sample is large enough,all sample means will fall within one standard deviation of the population mean.
• C)when the variable of interest is normally distributed within the population,the sample mean will be normally distributed.
• D)the sample variance will be equal to the population variance if the sample size is large enough.
• E)sample sizes larger than n=2 will insure that the distribution of sample means will be normal.

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Definitions:

Efficiency Wage Model

An economic theory suggesting that higher wages might lead to increased productivity by attracting better employees and increasing worker motivation.

Electronic Devices

Gadgets like smartphones, laptops, and tablets that operate on electrical power and digital information.

Supply of Labor

The total hours that workers in the economy are willing and able to work at a given wage rate.

Demand for Labor

The total amount of workers employers are willing and able to hire at a given wage rate in a certain period.