To demonstrate the central limit theorem, draw 100 samples of size 5 from a random-number table and
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To demonstrate the central limit theorem, draw 100 samples of size 5 from a random-number table and calculate the sample mean for each of the 100 samples. Construct a frequency distribution of sample means. Do the same for 100 samples of size 10 and compare the two frequency distributions. Does the central limit theorem appear to be working?
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The frequency distributions of sample means for 100 samples of sizes 5 and 10 are displayed in th...View the full answer
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Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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