The Central Limit Theorem (CLT) is a fundamental principle in statistics stating that the distribution of the sample mean of a large number of independent, identically distributed variables will be approximately normally distributed, regardless of the original distribution's shape. The ability to apply the CLT is highly beneficial in statistical analysis for making inferences about population parameters. A general rule of thumb for the CLT to hold is having a sample size of 30 or more, often expressed as \(n \geq 30\). This helps ensure that the sample mean distribution approaches normality.
Hence, among the options provided, the correct answer is: greater than or equal to 30
The Central Limit Theorem (CLT) states that for a sufficiently large sample size, the sampling distribution of the sample mean approaches a normal distribution, regardless of the population’s distribution. Typically, a sample size of \(n \geq 30\) is considered sufficient for the CLT to hold true in practice.
Thus, the correct answer is \(n \geq 30\).
Let the Mean and Variance of five observations $ x_i $, $ i = 1, 2, 3, 4, 5 $ be 5 and 10 respectively. If three observations are $ x_1 = 1, x_2 = 3, x_3 = a $ and $ x_4 = 7, x_5 = b $ with $ a>b $, then the Variance of the observations $ n + x_n $ for $ n = 1, 2, 3, 4, 5 $ is
Find the mean of the following distribution:
\[\begin{array}{|c|c|c|c|c|c|c|c|} \hline \textbf{Class-interval} & 11-13 & 13-15 & 15-17 & 17-19 & 19-21 & 21-23 & 23-25 \\ \hline \text{Frequency} & \text{7} & \text{6} & \text{9} & \text{13} & \text{20} & \text{5} & \text{4} \\ \hline \end{array}\]
A shop sells a book for 240 rupees after giving a 20 % discount on the marked price. What is the marked price of the book?