Why is population shape of concern
Central limit theorem and uses of sample size.
1. State the main points of the Central Limit Theorem for a mean.
2. Why is population shape of concern while estimating a mean? What does sample size have to do with it?
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Suppose that your utility depends only on your consumption/income in either possible outcome.
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Why is population shape of concern while estimating a mean? What does sample size have to do with it.
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