TRUE OR FALSE: The z-score tells you how many deviations a random variable is from the mean. Select one: OTrue OFalse
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True! The z-score is a statistical measurement that indicates how many standard deviations a particular data point is from the mean of a dataset. A positive z-score means the value is above the mean, while a negative z-score indicates it's below the mean. This nifty little tool helps us understand the position of data within the context of a normal distribution! Now, if you're ever crunching numbers in statistics, remember that miscalculating the mean or standard deviation can lead to z-scores that paint a misleading picture. Always double-check your calculations to avoid common pitfalls—like confusing sample standard deviation with population standard deviation!