When sampling from a light-tailed skewed distribution where, Ask an Expert

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When sampling from a light-tailed, skewed distribution, where outliers are rare, a small sample size is needed to get good probability coverage, via the central limit theorem, when the variance is known.

How does this contrast with the situation where the variance is not known and confidence intervals are computed using Student's t distribution?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92206840

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