A Negative Value of Z Indicates That

question 27

Multiple Choice

A negative value of z indicates that

• A) the number of standard deviations of an observation is to the right of the mean.
• B) the number of standard deviations of an observation is to the left of the mean.
• C) a mistake has been made in computations, since z cannot be negative.
• D) the data has a negative mean.

---

Definitions:

Truncated Version

A shortened form or version of a document, statement, or piece of information, typically preserving only the most essential parts.

Stop-Payment Order

An order by a drawer that instructs the drawee bank not to pay an issued check.

Drawer

In the context of financial transactions, the person who writes or issues a cheque or draft directing a bank to pay the specified amount to a third party.

Drawee

The party in a financial transaction who is directed to pay a certain amount of money by the drawer's order.