the lensmakers equation

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i havent taken the mcat or many practice tests yet, but EK said that you dont have to know it. if it comes up, it'll be explained in a passage
 
i am really confused about the sign conventions for the radii of curvature in this equation.. can anyone clarify?
 
is it true that for a diverging lens, R1 is negative and R2 is positive, whereas for a converging lens, R1 is positive and R2 is negative?
 
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