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.

---

Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase.

Satisfies Consumer Wants

The fulfillment of consumer desires and needs through the provision or consumption of goods and services.

Utility

In economics, utility refers to the satisfaction or pleasure derived from consuming goods or services.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.