Question: 1. What do you understand by the central limit theorem and why is it relevant? 2. What happens to the sample mean as you increase

1. What do you understand by the central limit theorem and why is it relevant?

2. What happens to the sample mean as you increase the sample size?

3. What is a finite population? What is the finite population correction factor?

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The Central Limit Theorem CLT is a fundamental concept in statistics and probability theory It states that when independent random variables are added their sum tends to be approximately normally dist... View full answer

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