A Sample of 92 Observations Is Taken from a Process

question 52

Multiple Choice

A sample of 92 observations is taken from a process (an infinite population) . The sampling distribution of is approximately normal because

• A)is always approximately normally distributed
• B)the sample size is small in comparison to the population size
• C)of the central limit theorem
• D)None of the alternative answers is correct.

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Definitions:

Net Method

An accounting method where sales and purchases are recorded at their net amounts after deducting any discounts, rather than recording the gross amount and then the discount separately.