EC 285 - Ch. 07 - The Central Limit Theorem
EC 285 - Chapter 7 - The Central Limit Theorem
Textbook: Introductory Business Statistics 2e (OpenStax), Chapter 7 · Slides: Chapter 7 slides
Covered in class: Tue Oct 27, Thu Oct 29
Goals (from the slides)
- Why sample: descriptive vs. inferential statistics revisited
- Simple random sample; developing a sampling distribution
- Sampling distribution of the sample mean; its Z-value
- The Central Limit Theorem
- Mean and standard deviation of the sampling distribution of the sample proportion