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:

Obligated

Being legally or morally bound to do something.

Perfect Tender Rule

A legal principle requiring sellers to deliver goods that exactly meet the terms and specifications of the contract.

Performance

The act of fulfilling a duty, contract, or obligation as required or agreed.

Conditional Warranties

Warranties that are only effective under certain conditions or circumstances, often requiring specific actions or maintenance by the buyer.