Explain the central limit theorem. Why is it important in statistical analysis?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
The central limit theorem states that if the sample size is larg...View the full answer
Answered By
Cristine kanyaa
I possess exceptional research and essay writing skills. I have successfully completed over 5000 projects and the responses are positively overwhelming . I have experience in handling Coursework, Session Long Papers, Manuscripts, Term papers, & Presentations among others. I have access to both physical and online library. this makes me a suitable candidate to tutor clients as I have adequate materials to carry out intensive research.
4.90+
1538+ Reviews
3254+ Question Solved
Related Book For
Statistics Data Analysis And Decision Modeling
ISBN: 9780132744287
5th Edition
Authors: James R. Evans
Question Posted:
Students also viewed these Statistics questions
-
Briefly state and explain the central limit theorem.
-
Why is the central limit theorem important?
-
The central limit theorem gives a fundamental result for sampling - that large samples, or any samples from a Normally distributed population, are Normally distributed. Test this result to see that...
-
Sugar (C12H22O11) is a molecular compound that stays together inwater, while NaCl and MgSO4?7H2O are ionic compounds that dissociate into cations andanions as illustrated in the NaCl example below:...
-
Compare screening decisions with preference decisions.
-
Find an equation for the plane spanned by the vectors u = (-1, 1, 1) and v = (3, 4, 4).
-
What are the roles of comparative and competitive advantages in Unilevers success? Provide specific examples of natural and acquired advantages that Unilever uses to succeed in the global FMCG...
-
CCB Co. had the following current assets and liabilities for two comparative years: a. Determine the quick ratio for December 31, 2012 and 2011. b. Interpret the change in the quick ratio between the...
-
Tamarisk Companys record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 350 @ $6.60 April 5 550 4 650 @ 6.70 12 450 11 550 @ 7.00...
-
Suppose the symbols a, b, c, d, e occur with frequencies 1/2,1/4,1/8,1/16,1/16, respectively. (a) What is the Huffman encoding of the alphabet? (b) If this encoding is applied to a file consisting of...
-
Explain the importance of sampling from a managerial perspective.
-
Explain the difference between a point estimate and an interval estimate.
-
Consider the sports ratings model in section 7.6. If you were going to use the approach used there to forecast future sports contests, what problems might you encounter early in the season? How might...
-
An employer has calculated the following amounts for an employee during the last week of June 2021. Gross Wages $1,800.00 Income Taxes $414.00 Canada Pension Plan $94.00 Employment Insurance $28.00...
-
Section Two: CASE ANALYSIS (Marks: 5) Please read the following case and answer the two questions given at the end of the case. Zara's Competitive Advantage Fashion houses such as Armani and Gucci...
-
The activity of carbon in liquid iron-carbon alloys is determined by equilibration of CO/CO2 gas mixtures with the melt. Experimentally at PT = 1 atm, and 1560C (1833 K) the equilibrated gas...
-
Apply knowledge of concepts and theories covered in the course to leader - the leader can either be themselves if they lead a team, someone real and personally known to them (such as a boss or leader...
-
A resistor in a dc circuit R = 1.2 2. The power dissipated P is a second-degree function of the voltage V. Graph P versus V from V = 0.0 V to V = 3.0 V.
-
Acquisition accounting requires special accounting treatment that is not permitted or required in normal accounting outside of a business combination. Provide at least three examples of special...
-
Prove that the mean heat capacities C P H and C P S are inherently positive, whether T > T 0 or T < T 0 . Explain why they are well defined for T = T 0 .
-
(Put option basics) It is mid-May 2015. Intel stock is currently trading at $33, and you think that the price of the stock will go down by 16 October 2015. For $3 you can buy a put on Intel stock...
-
A small assembly line for the assembly of power steering pumps needs to be balanced. Exhibit 8.11 is the precedence diagram for problems #8 and #9. The cycle time is determined to be 1.5 minutes. How...
-
For the assembly line described in Problem 8, how would the line be balanced by choosing the assignable task having the shortest task time first? Exhibit 8.11 is the precedence diagram for problems...
-
For the assembly line described in Problem 8, how would the line be balanced by choosing the assignable task having the shortest task time first? Exhibit 8.11 is the precedence diagram for problems...
-
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
-
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
-
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...
Study smarter with the SolutionInn App