What Conditions Are Required by the Central Limit Theorem Before

question 110

Multiple Choice

What conditions are required by the central limit theorem before a confidence interval of the population mean may be created?

• A) The underlying population must be normally distributed.
• B) The underlying population must be normally distributed if the sample size is 30 or more.
• C) The underlying population need not be normally distributed if the sample size is 30 or more.
• D) The underlying population need not be normally distributed if the population standard deviation is known.

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Definitions:

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real quantity of goods and services produced.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, reflecting the effects of inflation.

Real GDP

The value of all finished goods and services produced within a country's borders in a specific time period, adjusted for inflation.

GDP

Gross Domestic Product, the total monetary value of all goods and services produced within a country's borders in a specific time period.