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ERIC Number: EJ1434567
Record Type: Journal
Publication Date: 2024
Pages: 8
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0141-982X
EISSN: EISSN-1467-9639
An Empirical Study on Sample Size for the Central Limit Theorem Using Japanese Firm Data
Kosei Fukuda
Teaching Statistics: An International Journal for Teachers, v46 n3 p184-191 2024
In statistics classes, the central limit theorem has been demonstrated using simulation-based illustrations. Known population distributions such as a uniform or exponential distribution are often used to consider the behavior of the sample mean in simulated samples. Unlike such simulations, a number of real-data-based simulations are here implemented in which the populations are empirical distributions of data selected from Japanese firms. The dataset chosen contains 38 variables familiar to business students, such as sales and assets. The maximum population size of the variables is 2243. One thousand samples with replacement are selected for specific variable--sample size combinations. Hypothesis testing results indicate that the normality hypothesis for the sample mean is rejected for 31 variables at the 0.1% level even with a sample size of 500. It is emphasized that the data for these variables indicate that this should not be a surprise, and emphasize the importance of looking at data.
Wiley. Available from: John Wiley & Sons, Inc. 111 River Street, Hoboken, NJ 07030. Tel: 800-835-6770; e-mail: cs-journals@wiley.com; Web site: https://bibliotheek.ehb.be:2191/en-us
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Japan
Grant or Contract Numbers: N/A