If an Entire Population with μ = 60 and σ

question 18

Multiple Choice

If an entire population with μ = 60 and σ = 8 is transformed into z-scores, then the distribution of z-scores will have a mean of ___ and a standard deviation of ___.

• A)0 and 1
• B)60 and 1
• C)0 and 8
• D)60 and 8 (unchanged)

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Definitions:

Outstanding Checks

Checks that do not appear on the bank statement.

Compounded Monthly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Present Value

The current value of a deposit that is made in the present time.

Periodic Deposit Investment

An investment strategy involving regular, fixed-amount contributions into an investment account.