Question: Demonstrate Central Limit Theorem(CLT) of the sample mean by sampling a 100 uniform distribution data with 50 variables. Verify the result by computing the sample
Demonstrate Central Limit Theorem(CLT) of the sample mean by sampling a 100 uniform distribution data with 50 variables. Verify the result by computing the sample mean, sample variance and sketch the histogram on Excel/Megastat.
Hint: Generate 100 datasets of 50 variables and calculate 50 sample means to determine the distribution of X and SX. It should converge to a model that we've learned in class.
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