One reason for standardizing random variables is to measure variables with:
a. different means and standard deviations on a non-standard scale
b. different means and standard deviations on a single scale
c. dissimilar means and standard deviations in like terms
d. similar means and standard deviations on two scales
Question 2
The analyst gets to choose the significance level . It is typically chosen to be 0.50, but it is occasionally chosen to be 0.05.
a. True
b. False
Indicate whether the statement is true or false
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