The Central Limit Theorem

question 59

Multiple Choice

The Central Limit Theorem:

• A) is the theoretical foundation of the c-chart.
• B) states that the average of assignable variations is zero.
• C) allows managers to use the normal distribution as the basis for building some control charts.
• D) states that the average range can be used as a proxy for the standard deviation.
• E) controls the steepness of an operating characteristic curve.

---

Definitions:

U-Shaped

A graphical representation where the curve is low in the middle and higher at both ends, indicating a situation where both extremes have similar outcomes that are more favorable or effective than the moderate level.

Economists

Professionals who study the production, distribution, and consumption of goods and services, analyzing economic issues and trends.

Cost Function

A cost function depicts how the total cost of production changes with variations in the quantity of output produced, linking cost to output level.

Snow Removal

The process of clearing snow from surfaces, such as roads and sidewalks, to make them accessible and safe.