According to the Central Limit Theorem, If a Sample of Size

question 97

Multiple Choice

According to the central limit theorem, if a sample of size 100 is drawn from a population with a standard deviation of 80, the standard deviation of sample means would equal _______.

• A)0.80
• B)8
• C)80
• D)800
• E)0.080

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Definitions:

Production Of Good

The process of creating or manufacturing merchandise that satisfies consumer demands.

Good A And B

Two hypothetical or specified products used in economic models to illustrate various economic principles.

Constant Opportunity Cost

A theoretical concept where the opportunity cost of producing a good remains constant as more of the good is produced.

Decrease In Unemployment

A reduction in the number of unemployed individuals in the workforce, often indicating economic growth.