As a General Rule,the Normal Distribution Is Used to Approximate

question 67

True/False

As a general rule,the normal distribution is used to approximate the sampling distribution of the sample proportion only if the sample size n is greater than 30.

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Definitions:

Transfer Payments

Payments made by governments to individuals without requiring any goods or services in return, such as welfare or social security.

Goods and Services

The output of an economy's business activities, encompassing tangible products (goods) and intangible offerings (services).

Progressivity

Refers to the degree to which a tax system taxes higher incomes at higher rates.

OECD Countries

Member countries of the Organisation for Economic Co-operation and Development, which are generally regarded as developed countries with high-income economies.