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"central limit theorem" tag

Central Limit Theorem and Normal Distribution

In probability theory, the central limit theorem (CLT) states that, given certain conditions (large sample size), the arithmetic mean of a sufficiently large number of iterates of independent random variables, each with a well-defined expected value (mean) and finite variance, will be approximately normally distributed,...


The Midas Touch – Increasing your sample size

Astha, a management trainee, entered her apartment after a long day in the hope of drowning her stress under the shower. She had recently shifted into her current dwelling place courtesy her new job. Facing...