If the Population Distribution Is Skewed,in Most Cases the Sampling

question 7

True/False

If the population distribution is skewed,in most cases the sampling distribution of the sample mean can be approximated by the normal distribution if the samples contain at least 30 observations.

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Definitions:

Output

The total amount of goods or services produced by a firm, an industry, or an economy, often measured within a specific time period.

Production Function

An equation or graph that indicates the maximum output that a firm can produce with a given set of inputs, such as labor and capital, under current technology.

Production Function

A mathematical relationship expressing the maximum output that can be produced from a given set of inputs.

Commodity

An elementary good in the business sector that can be interchanged with others of a like kind.