The First Step to Creating an Investment Plan Is to Establish

question 78

True/False

The first step to creating an investment plan is to establish investment goals.

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Definitions:

Percentile

A measure used in statistics indicating the value below which a given percentage of observations in a group of observations fall.

Standard Normal Distribution

A special case of the normal distribution with a mean of zero and a standard deviation of one.

Probability

A measure of the likelihood of a specific event or outcome, expressed as a number between 0 and 1.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual values in a dataset deviate from the mean of the dataset.