Standardization of a Variable

question 101

Multiple Choice

Standardization of a variable

• A) removes the scale factor from consideration
• B) requires subtracting the mean and dividing the difference by the standard deviation
• C) results in all variables having the mean of 0 and standard deviation of 1
• D) all of the above

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Definitions:

Per Capita Income

The average income earned per person in a given area in a specified year.

School Enrollment

The process of registering or entering students into a formal educational institution or program.

National Income

Total income earned by resource suppliers for their contributions to gross domestic product plus taxes on production and imports; the sum of wages and salaries, rent, interest, profit, proprietors’ income, and such taxes.