The Shape of the Sampling Distribution of the Mean Is

question 2

Multiple Choice

The shape of the sampling distribution of the mean is approximately ______,whereas the shape of the sampling distribution of the variance is approximately ______.

• A) normal; normal
• B) positively skewed; normal
• C) normal; positively skewed
• D) positively skewed; positively skewed

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Definitions:

Capital Resources

Assets such as buildings, machinery, and equipment used to produce goods and services.

Money Circulating

The total volume of money within the economy that is actively used for transactions, trading, and other financial activities.

Rational Behavior

In economics, it refers to making decisions that maximize an individual's benefit while minimizing costs, based on preferences and available information.

Economic Analysis

A methodical strategy for deciding the best way to allocate limited resources, which includes evaluating multiple options to reach a particular goal within established assumptions and limitations.