The Units for the Standard Deviation Are the Same as the Units

question 147

True/False

The units for the standard deviation are the same as the units for the original data (for example,feet,inches,etc.).

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Definitions:

Narrow Measure

A term often used in economics and finance to refer to a specific, targeted way of measuring an aspect of the economy or market.

Banking System

The network of banking institutions and regulations that provide financial services to individuals, businesses, and the government.

Excess Reserves

The amount of reserves a bank holds beyond the required minimum, which can be lent out to stimulate economic activity or held to meet future needs.

Create Money

The process by which central banks or monetary authorities increase the money supply.