The Central Limit Theorem says that the standard deviation of the sampling distribution of the sample means is
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The central limit theorem states that if you have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacemen text annotation indicator, then the distribution of the sample means will be approximately normally distributed.
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According to Central Limit Theorem, if the sample size is larger, the sampling distribution of the means becomes closer to normal.
- The standard deviation of the sampling distribution of the means will decrease and it will be almost the same as the standard deviation of X as the sample size increases.
- For an enough large sample size having a finite variance, the mean of the whole population will be approximately equal to the mean of sampled variables from the same sample size.
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