Which Statement Is Not True About Standardization

question 5

Multiple Choice

Which statement is not true about standardization?

• A) Standardization is the process of correcting data to reduce them to the same scale by subtracting the sample mean and dividing by the standard deviation.
• B) Standardization is the process of correcting data to reduce them to the same scale by subtracting the sample mean and dividing by the standard error.
• C) The standardized scale will have a mean of zero and a standard deviation of 1.
• D) Standardization allows the researcher to compare variables that have been measured using different types of scales.

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Definitions:

National Compensation Survey

The National Compensation Survey is a comprehensive study conducted by the Bureau of Labor Statistics in the United States that gathers and analyzes salary and benefits data across various occupations and regions.

Salaries

Regular payments made by employers to employees, usually monthly or bi-weekly, for their work or services.

Economic Theory

A set of principles and methodologies that explain and predict economic phenomena.

Market Rate

The average or standard amount of money paid for a particular job in the labor market.