Author(s)

Yong He ¹

Affiliation(s)

¹ Foundational Course Department, Wuhan Donghu University, Wuhan 430212, Hubei, Peoples R China

Corresponding Author

Yong He

ABSTRACT

The central limit theorem is the bridge between probability theory and mathematical statistics, and also the bridge between statistical methods and practical problems. It provides a theoretical basis for us to solve practical problems. This paper discusses the application of the central limit theorem in real life from two aspects: profit and loss of term life insurance in economics, determining production task according to demand and statistical inference in statistics. These cases and methods can not only be used as a supplement to the course teaching, but also can be used as a discussion of course ideology and politics.

KEYWORDS

Central limit theorem, Term life insurance profit and loss, Statistical inference

CITE THIS PAPER

Yong He. On the Application of Central Limit Theorem in Practical Problems. Journal of Sociology and Ethnology (2021) 3: 84-90. DOI: http://dx.doi.org/10.23977/jsoce.2021.030211.

REFERENCES

[1] Wang Donghong. Important Applications of Law of Large Numbers and Central Limit Theorem in Insurance [J]. Mathematics in Practice and Theory,2005,35(10): 128-133.
[2] Wang Bingshen, Wei Yanhua, Lin Zhu. Application of Law of Large Numbers and Central Limit Theorem in Insurance [J]. Journal of Tonghua Normal University,2011,32(12):8-10.
[3] Pull poor, side ba, side ba zola. Application of Probability Limit Theory in Economic Insurance [J]. Mathematics in Practice and Theory,2018,48(12): 276-281.
[4] He Yong, Ming Jiexiu. Probability Theory and Mathematical Statistics [M]. Wuhan: Wuhan University Press,2012.
[5]Zhang zhicheng, zhang yan. Application of central limit theorem in practice [J]. Journal of henan institute of technology,2020,8(4): 28-30.

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