Mathematical laws under condition of Central Limit Theorem
Explain all mathematical laws under the condition of Central Limit Theorem.
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Conditions under the Central Limit Theorem are as follows. • The random numbers should all be drawn from similar distribution• The draws should all be independent• The distribution should have standard deviation and or interest rates.
Explain degree of confidence and the relationship along with deviation.
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Unfocused Books is a discount retail bookshop that has three departments: fiction, non-fiction and children’s books. Sales and cost of sales for each department are shown below. In addition, each department has its own fixed costs for staffing and takes a one-third share of rental and management cos
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