A Standard Score That Directly Expresses How Many Standard Deviations

question 25

Short Answer

A standard score that directly expresses how many standard deviations a raw score is above or the below the mean is a ________.

---

Definitions:

Favorable

A term used in budgeting and finance to indicate results that are better than expected, such as lower costs or higher revenues.

Unfavorable

A term used to describe outcomes or variances that negatively impact financial performance or expectations.

Unfavorable Variances

Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.

Favorable Variances

Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.