The Value of Health,accident,and Disability Insurance Premiums Paid by an Employer

question 28

True/False

The value of health,accident,and disability insurance premiums paid by an employer are generally not included in an employee's gross income.

---

Definitions:

Spec Limits

Short for "Specification Limits," which are the maximum and minimum values within which a product or process's performance measures must lie to meet customer requirements.

Sample Mean

The average value calculated from a subset of a larger population, used in statistics as an estimate of the population mean.

OC Curve

Operating Characteristic Curve, a graph that describes how well a statistical test or procedure performs in detecting a true condition.

AOQ Curve

is a graphical representation that shows the relationship between the Average Outgoing Quality (AOQ) and the fraction defective in incoming batches, used in quality control to determine the effectiveness of inspection procedures.