Question
Fill in the blanks for the following statements: The average losses for a random sample of n exposure units will follow a normal distribution because
Fill in the blanks for the following statements: The average losses for a random sample of n exposure units will follow a normal distribution because of the Central Limit Theorem. Regardless of the population distribution, the distribution of sample means will approach the normal distribution as the sample size ____________. The normal distribution is a symmetric, bell-shaped curve. It is defined by the mean and standard deviation of the mean. About ____ percent of the distribution lies within one standard deviation and ____ percent of the distribution lies within two standard deviations of the mean.
(a) Increases / 76 / 99
(b) Increases / 68 / 95
(c) Decreases / 68 / 95
(d) Decreases / 76 / 99
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