Suppose X Has a Distribution That Is Not Normal

question 145

Multiple Choice

Suppose X has a distribution that is not normal.The Central Limit Theorem is important in this case because:

• A)it says the sampling distribution of is approximately normal for any sample size.
• B)it says the sampling distribution of is approximately normal if n is large enough.
• C)it says the sampling distribution of is exactly normal,for any sample size.
• D)None of these choices.

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Definitions:

Quasi Estoppel

A legal doctrine preventing a party from asserting rights or facts that contradict their past actions or statements.

Bilateral Contract

A type of contract involving mutual obligations whereby each party promises to perform an act in exchange for the other party's act.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Adequacy of Consideration

Assessing whether something of legal value has been exchanged in a contract to justify the parties’ obligations.