The Central Limit Theorem Applies to the Sampling Distribution of Sample

question 28

True/False

The Central Limit Theorem applies to the sampling distribution of sample proportion, , but not to the sampling distribution of sample mean, .

---

Definitions:

Income Increases

A situation wherein individuals or entities experience a rise in their earnings or profits over a certain period.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to a normal good.

Law Of Demand

A fundamental principle stating that, all else being equal, as the price of a product decreases, the quantity demanded increases, and vice versa.

Price Falls

A decrease in the cost of a good or service in the market.