Glossary Statistics / Term
The central limit theorem states that the probability histograms of the sample mean and sample sum of n draws with replacement from a box of labeled tickets converge to a normal curve as the sample size n grows, in the following sense: As n grows, the area of the probability histogram for any range of values approaches the area under the normal curve for the same range of values, converted to standard units. See also the normal approximation.
Permanent link Central Limit Theorem - Creation date 2021-08-07