In: Statistics and Probability
This week we’ve introduced the central limit theorem. According to the central limit theorem, for all samples of the same size n with n>30, the sampling distribution of x can be approximated by a normal distribution.
In your initial post use your own words to explain what this theorem means. Then provide a quick example to explain how this theorem might apply in real life. At last, please share with us your thoughts about why this theorem is important.