The Probability Distribution of All Possible Values of the Sample

question 75

Multiple Choice

The probability distribution of all possible values of the sample mean is called the ____.

• A) central probability distribution
• B) sampling distribution of the sample mean
• C) random variation
• D) standard error

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Definitions:

Scenario Planning

A strategic planning method that organizations use to envision and prepare for multiple future conditions or outcomes.

Future States

Potential and envisioned scenarios or conditions that an organization or system aims to achieve in the long term.

Alternative Future

Various possible future scenarios that are developed to help in strategic planning and decision-making.

Contingency Planning

The process of preparing for unexpected events by identifying potential risks and devising strategies to mitigate them.