Which Statement Is Not True About Standardization

question 73

Multiple Choice

Which statement is not true about standardization?

• A) Standardization is the process of correcting data to reduce them to the same scale by subtracting the sample mean and dividing by the standard deviation.
• B) Standardization is the process of correcting data to reduce them to the same scale by subtracting the sample mean and dividing by the standard error.
• C) Standardization allows the researcher to compare variables that have been measured using different types of scales.
• D) The standardized scale will have a mean of zero and a standard deviation of 1.

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Definitions:

Past Demand Data

Historical information on consumer demand for goods or services, used for forecasting and planning purposes.

Six-Week Moving Average

A method of smoothing data by calculating the average of six consecutive weeks' worth of data, continuously updated by adding the newest week and dropping the oldest week.

Point-Of-Sale Computers

Electronic systems used at retail checkout points to process sales transactions, manage inventory, and perform a variety of other retail management functions.

Forecasting Technique

Methods or models used to estimate future values based on historical data, trends, and patterns.