A Taxable Year May Be as Short as One Day

question 2

True/False

A taxable year may be as short as one day and may exceed 366 days.

---

Definitions:

Normally Distributed

Describes a data set where most values cluster around a central mean value, forming a symmetric, bell-shaped distribution curve.

Standard Deviation

A statistical measurement of variability or dispersion within a set of data, indicating how spread out the numbers are from the average.

Mean

A statistical measure representing the average or central value of a set of numbers, calculated by adding all the values and dividing by the count of the values.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of its distribution.