Suppose That All the Values in a Data Set Are

question 57

Multiple Choice

Suppose that all the values in a data set are converted to z-scores. Which of the statements below is true? A: The mean of the z-scores will be zero, and the standard deviation of the z-scores will be the same as the standard deviation of the original data values. B: The mean and standard deviation of the z-scores will be the same as the mean and standard deviation of the original data values. C: The mean of the z-scores will be 0, and the standard deviation of the z-scores will be 1. D: The mean and the standard deviation of the z-scores will both be zero.

• A)C
• B)B
• C)D
• D)A

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Definitions:

Payable to Cash

A term indicating that a financial instrument, like a check, is written in such a manner that it can be cashed or negotiated by any holder, not just a specific payee.

"Pay to the Order of Bearer"

A phrase used on checks or other negotiable instruments that indicates the person possessing the document has the right to cash or negotiate it.

Drawee

The party, typically a bank, required to pay the specified amount on a check or draft when it is presented for payment.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.