The MPC and MPS

question 264

Multiple Choice

The MPC and MPS

• A) sum to 1.
• B) can sum to anything greater than 0.
• C) sum to 100.
• D) each are usually less than .5.

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Definitions:

Standard Deviation

Standard deviation is a measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Standard Normal Random Variable

A normally distributed random variable characterized by a mean of 0 and a standard deviation of 1.

P

A probability value that reflects the likelihood of obtaining test results at least as extreme as the results actually observed, during the assumption that the null hypothesis is correct.

z

A statistical measure that represents the number of standard deviations a data point is from the mean.