Question: 12. The Central Limit Theorem is important in statistics because a) for a large n, it says the population is approximately normal. b) for

12. The Central Limit Theorem is important in statistics because a) fora large n, it says the population is approximately normal. b) for

12. The Central Limit Theorem is important in statistics because a) for a large n, it says the population is approximately normal. b) for any population, it says the sampling distribution of the sample mean is approximately normal, regardless of the sample size. for a large n, it says the sampling distribution of the sample mean is approximately normal, regardless of the shape of the population. for any sized sample, it says the sampling distribution of the sample mean is approximately normal. 13. If the expected value of a sample statistic is equal to the parameter it is estimating, then we call that sample statistic a) unbiased. b) minimum variance.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!