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What does standard of value mean?

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Anonymous

15y ago
Updated: 8/16/2019

A term suggesting a threshold exist where a monetary or some other consideration finds harmony and balance with a manifestation that facilitates the process of exchange...

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Wiki User

15y ago

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Related Questions

What is the difference between standard deviation and mean?

The mean is the average value and the standard deviation is the variation from the mean value.


Suppose a normal distribution has a mean of 16 and a standard deviation of 4 A value of 26 is how many standard deviations away from the mean?

To determine how many standard deviations away a value of 26 is from the mean of 16, subtract the mean from the value and then divide by the standard deviation. This calculation is as follows: ( (26 - 16) / 4 = 10 / 4 = 2.5 ). Therefore, a value of 26 is 2.5 standard deviations above the mean.


What does a z-score of -1.5 mean?

z-score of a value=(that value minus the mean)/(standard deviation). So a z-score of -1.5 means that a value is 1.5 standard deviations below the mean.


What is the z-score of a value that is 2.08 standard deviations greater than the mean?

The z-score of a value indicates how many standard deviations it is from the mean. If a value is 2.08 standard deviations greater than the mean, its z-score is simply 2.08. This means the value lies 2.08 standard deviations above the average of the dataset.


Is the expected value the same as the standard deviation?

No. The expected value is the mean!


What does denominator of z-score measure?

The standard deviation.z-score of a value=(that value minus the mean)/(standard deviation)


Can The standard deviation of a distribution be a negative value?

No. The standard deviation is not exactly a value but rather how far a score deviates from the mean.


What does a negative z-score mean?

z-score of a value=(that value minus the mean)/(standard deviation). So if a value has a negative z-score, then it is below the mean.


What is mean of standard units?

The mean of standard units, often referred to as the mean of standardized scores or z-scores, is the average value of a dataset that has been transformed to have a mean of zero and a standard deviation of one. Standardization allows for comparison across different datasets by eliminating units of measurement. In a standard normal distribution, the mean of standard units is always 0, as the transformation centers the data around this value.


What does the standard error mean?

For a sample of data it is a measure of the spread of the observations about their mean value.


What is meant by a z-score?

z-score of a value=(that value minus the mean)/(standard deviation)


How do you find out the z-score?

z-score of a value=(that value minus the mean)/(standard deviation)