Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Robert Kelly is managing director of XTS Energy LLC, and has more ...

Here are four programs that demonstrate sampling distributions. For each one, a "population" of 20,000 elements is established. The user selects a sample size and random samples are drawn from the ...