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.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Here are four programs that demonstrate sampling distributions. For each one, a "population" of 20,000 elements is established. The user selects a sample size and random samples are drawn from the ...