Examlex
Which of the following is the most accurate statement concerning the use of trusts in tax planning?
Mean
The arithmetic average of a set of numbers, calculated by dividing the sum of the values by the number of values.
Variance
A measure of how much values in a dataset differ from the mean, indicating the distribution's spread.
Standard Deviation
The measure of the dispersion of a set of values relative to its mean, indicating how spread out the values are.
Standard Normal Curve
A bell-shaped curve that is symmetric about the mean, representing the distribution of a standard normal variable with a mean of zero and a variance of one.
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