The Central Limit Theorem States That as the Sample Size

question 67

Multiple Choice

The Central Limit Theorem states that as the sample size increases,the distribution of the sample ____________ approaches the normal distribution.

• A)Medians
• B)Means
• C)Standard deviations
• D)Variances

---

Definitions:

Machine-Hours

A measure of production output or capacity, indicating the total hours that machinery is operated over a specific period.

Fixed Overhead

Regular, unchanged costs incurred by a business for its operations regardless of varying levels of production, such as rent, salaries, and insurance.

Unused Capacity

The available resources or production capabilities that are not currently being utilized.

Activity-Based Costing

A method of costing that apportions indirect expenses and overhead to specific operations, enhancing the accuracy of product cost calculations.