What is the Central Limit Theorem (CLT)?
- It states that the probability of an event is the product of the probabilities of independent events.
- It states that the sum of a large number of random variables, each with finite mean and variance, will approximate a normal distribution.
- It's a rule which states that the probability of a compound event is the product of the probabilities of the independent events.
- It's the theorem which states that probabilities are equal to the number of favorable outcomes divided by the total outcomes.
The Central Limit Theorem (CLT) is a statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.
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