A Variable Is Standardized in the Sample

question 24

Multiple Choice

A variable is standardized in the sample:

• A)by multiplying by its mean.
• B)by subtracting off its mean and multiplying by its standard deviation.
• C)by subtracting off its mean and dividing by its standard deviation.
• D)by multiplying by its standard deviation.

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Definitions:

Quick Assets

Quick assets are assets that can rapidly be converted into cash, excluding inventory and pre-paid expenses, often used in calculating liquidity measures.

Current Liabilities

Financial obligations that a company is required to pay within one year or within its current operating cycle.

Percent Change

A mathematical calculation that shows how much something has increased or decreased in value or quantity over time, expressed as a percentage.

Base Year

A reference year used for comparative financial analysis, serving as a benchmark for evaluating changes over time.