Actuarial Outpost 2019 MERIT/COL Raise
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 View Poll Results: 2019 Merit Raise x <0% 3 1.55% x = 0% 7 3.63% 0% < x <= 1% 3 1.55% 1% < x <= 2% 30 15.54% 2% < x <= 3% 60 31.09% 3% < x <= 4% 47 24.35% 4% < x <= 5% 21 10.88% 5% < x 22 11.40% Voters: 193. You may not vote on this poll

#121
05-07-2019, 10:41 AM
 NormalDan Member CAS Join Date: Dec 2016 Location: NJ Posts: 10,536

Quote:
 Originally Posted by Klaymen In essence the Central Limit Theorem says the sum (or equivalently, the mean) of independent observations from a distribution tends be normally distributed, regardless of the underlying distribution the numbers came from. We aren't adding up a bunch of raises, so I don't think the CLT comes into play here. It's just a distribution that is symmetric and possibly looks like something normal.
Not to mention I'd say the large of large numbers is the reason our job exists far more than the CLT