The Central Limit Theorem states that, if a random sample of size n is drawn from a population, then the sampling distribution of the sample mean :

a. is approximately normal if n < 30.
b. is approximately normal if n > 30.
c. is approximately normal if the underlying population is normal.
d. None of these choices.

B

Business

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Which step comes first in sales and operations planning?

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If monthly financial statements are desired by management:

A. Journalizing and posting adjusting entries must be done each month. B. Journalizing and posting closing entries must be done each month. C. Monthly financial statements can be prepared from worksheets; adjustments and closing entries need not be entered in the accounting records. D. Adjusting and closing entries must be entered in the accounting records before preparation of interim financial statements.

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