CAIIB ABM Practice Questions - IIBF CAIIB Paper Advanced Bank Management (India) Exam

The Central Limit Theorem is important in banking applications because:

It proves all bank data are normally distributed Sampling distributions of means tend toward normality for large samples regardless of population shape It removes the need to estimate sampling variability It applies only when the population is already normal

Correct Answer:

Sampling distributions of means tend toward normality for large samples regardless of population shape

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