Standardized Variables Have a Mean of 1 and a Variance

question 22

True/False

Standardized variables have a mean of 1 and a variance of zero.

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Definitions:

Events

Occurrences or happenings, especially significant ones within a specified area or context.

Independent

Free from outside control; not depending on another's authority or subject to another's influence.

First Ace

The initial occurrence of an ace in a series of card draws or during a specific card-related activity.

Probability

A numerical expression between 0 and 1 that represents the probability of a particular event happening.