What is wrong with the following statement of the central limit theorem? If the random variables X1,

Question:

What is wrong with the following statement of the central limit theorem?

"If the random variables X1, X2, X3, ..., Xn are a random sample of size n from any distribution with finite mean μ and variance σ2, then the distribution of X.̅ will be approximately normal, with a standard deviation of σ/√n."

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...