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Central Limit Theorem

Please see attachment.
And please provide clear and thorough information so that I can understand it in future problems.

Please provide assistance in the following 10 parts:

1. Boss has a question about a population:
2. To costly or can't do population so forced to sample
3. With sampling, will be sampling error (CLT says so)
4. Disclose possibility of error to Boss and says get rid of error
5. Can't (CLT says so) but I can get CLOSE to what the TRUE POPULATION result would be
6. How close?
7. If I sample correctly, I can develop an INTERVAL within which I can be 95% sure contains the TRUE POPULATION result
8. Will being this close help us make the needed decision Boss?
9. Boss says Yes
10. Closure/End.

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Solution Preview

1. Boss has a question about a population:

Boss comes running out of her office and yells: "I need to know the average age of everybody watching the TV how NCIS on Wednesdays Central Time at 8:00 p.m. in the U.S. Who can help me do this?"

2. To costly or can't do population so forced to sample

Me: The only way to be certain of the average is to find out the age of everyone watching NCIS.

Boss: That is much too expensive and pretty much impossible to do.

3. With sampling, will be sampling error (CLT says so)

Boss: We should just take a sample of the ...

Solution Summary

The solution assists with explaining the central limit theorem in the form of a conversation between a boss and employee.

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