The Basis for Using a Normal Probability Distribution to Approximate

question 19

Multiple Choice

The basis for using a normal probability distribution to approximate the sampling distribution of is

• A)Chebyshev's theorem
• B)the empirical rule
• C)the central limit theorem
• D)Bayes' theorem

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Definitions:

Accounting Period

A time frame for which financial statements are prepared, typically a year, quarter, or month, to measure a company's financial performance.

Other Expenses

Costs that do not directly relate to the main business activities, such as administrative and organizational expenses.

Unrealized Loss Account

An account that reflects losses which have occurred on paper due to changes in market values but have not been actually realized through a transaction.

Short-Term Stock Investments

Investments in stock intended to be held for a short duration, typically less than one year, for earning a quick profit.