Solution-Explain the central limit theorem

Explain the central limit theorem

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Question: When sampling from a light-tailed, skewed distribution, where outliers are rare, a small sample size is needed to get good probability coverage, via the central limit theorem, when the variance is known. How does this contrast with the situation where the variance is not known and confidence intervals are computed using Student's t distribution?

Reference no: EM131716265

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Explain the central limit theorem

Reference no: EM131716265

Reference no: EM131716265

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