A Sample of 24 Observations Is Taken from a Population

question 76

Multiple Choice

A sample of 24 observations is taken from a population that has 150 elements. The sampling distribution of is

• A)approximately normal because is always approximately normally distributed
• B)approximately normal because the sample size is large in comparison to the population size
• C)approximately normal because of the central limit theorem
• D)normal if the population is normally distributed

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Definitions:

Financial Accounting Standards Board

An independent organization responsible for establishing and improving standards of financial accounting and reporting for the guidance and education of the public, including issuers, auditors, and users of financial information.

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The Securities and Exchange Commission, a U.S. government agency that oversees and regulates the securities markets to protect investors.

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Guidelines set by regulatory bodies that dictate how financial transactions and statements should be recorded and reported.

FASB

The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the United States.