Using the Central Limit Theorem in Business


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The central limit theorem looks at what specific values derived from a population?

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1. What is the distribution pattern of data that the central limit theorem makes use of?

2. What type of distribution pattern must a population have in order to use the central limit theorem?

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About This Quiz & Worksheet

This worksheet/quiz tests your understanding of the central limit theorem in business. You'll answer questions on key topics like the specific values covered by the theorem and its use of the distribution pattern of data.

Quiz & Worksheet Goals

See what you know about the following:

  • Distribution pattern a population must have to use the central limit theorem
  • Result of summing variables from multiple independent variables
  • Statistical process that wouldn't be easier to analyze based on applying the theorem

Skills Practiced

  • Information recall - access the knowledge you've gained regarding the values that are addressed in the central limit theorem
  • Interpreting information - verify that you can read information regarding the distribution pattern of a population and interpret it correctly
  • Making connections - use your understanding of the distribution pattern of data and how it's connected to the central limit theorem

Additional Learning

For more on this theorem, visit the accompanying lesson entitled Using the Central Limit Theorem in Business. These areas are covered by the lesson:

  • Overview of the central limit theorem's application
  • Example of a distribution of data points
  • Use of the central limit theorem when analyzing the economy
  • Quality control analysis with the central limit theorem
  • Statistical method of hypothesis testing in business