What Is the Central Limit Theorem

question 7

Multiple Choice

What is the central limit theorem?

• A)It explains that sample means will vary minimally from the population mean.
• B)It explains that a sampling distribution of possible sample means is approximately normally distributed,regardless of the shape of the distribution in the population.
• C)It explains that if we select a sample at random,then on average we can expect the sample mean to equal the population mean.
• D)all of the above

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed.

Lease Asset

An asset that is acquired under a lease agreement wherein the lessee has the right to use the asset for a specified period.

Lease Liability

An obligation representing future lease payments for the use of assets, recognized on the balance sheet by lessees under new accounting standards.

Capital Lease

A lease agreement that grants a lessee essentially all the risks and rewards of ownership, so it's accounted for on the balance sheet as an asset and liability.