Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

According to a recent poll by Gallup.com, 59% of Americans believe that the amount they pay in income taxes is fair. The survey was based on a sample 1017 American adults. If the pollsters talked to ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

In statistics, a population refers to the entire group of individuals or items that we are interested in studying. However, collecting data from the whole population is often impractical due to size, ...

1 Departamento de Tecnologías de la Energía, Facultad Tecnológica, Universidad de Atacama, Copiapó, Chile 2 Departamento de Estadística y Ciencia de Datos, Facultad de Ciencias Básicas, Universidad de ...