1. The Empirical Rule indicates that the range from - s up to + s...

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1. The Empirical Rule indicates that the range from  - s up to  + s holds two-thirds of the distribution of any numerical variable.
2. If a distribution is bell shaped, then about 5% of the z-scores are larger than 1 or less than -1.
3. The removal of an outlier with z = 3.3 causes both the mean and the SD of the data to decrease.
4. The interquartile range of a distribution is half the range from the smallest to largest value.
5. If the standard deviation of a variable is 0, then the mean is equal to the median.
6. The variance of a variable increases as the number of observations of the variable increases.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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