Lynn Works for a State University

question 35

Multiple Choice

Lynn works for a state university.In addition to her regular pension plan,Lynn established another retirement savings plan.She elected to have $5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer.The type of plan that Lynn established is called a

• A)SIMPLE plan.
• B)403(b)plan.
• C)defined benefit plan.
• D)Keogh plan.

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Definitions:

Range

Range in statistics refers to the difference between the highest and lowest values in a dataset, indicating the spread of the data.

Interquartile Range

The statistical measure of middle fifty percent of a data set, calculated as the difference between the 75th and 25th percentiles.

Test Scores

Quantitative measurements that represent a person's level of achievement or proficiency in a given subject or skill.

Precipitation

Any form of water, liquid or solid, that falls from the atmosphere and reaches the ground.