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Discuss Validity of Central Limit Theorem

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What is the Central Limit Theorem? How large should the sample size be if the underlying distribution of the population values are:

a. Normally distributed (discuss).

b. Non-normally distributed. (discuss)

2. What is the difference, if any, between the standard deviation of the sample and the standard error of the mean? Discuss

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The solution gives detailed analysis on validity of Central Limit Theorem and difference between the standard deviation of the sample and the standard error of the mean.

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1. Central limit theorem is stated as follows: If a random sample of n observations is selected from a population, then when n is sufficiently large, the sampling ...

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