Which of the Following Is a Good Reason to Convert

question 56

Multiple Choice

Which of the following is a good reason to convert data to z scores?

• A) We want to be able to estimate probabilities or proportions easily.
• B) We think that it is easier for people to work with round numbers.
• C) We want to make a skewed set of data into a normally distributed set of data.
• D) all of the above

---

Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected cost multiplied by the quantity of materials used.

Unfavorable

A term used to describe a variance or difference that negatively impacts financial performance.

Labor Rate Variance

The difference between the expected cost of labor at standard rates and the actual cost of labor incurred.

Raw Materials Quantity Variance

The difference between the expected amount of raw materials required for production and the actual amount used, evaluated in terms of cost.