If You Want to Examine the Difference Between the Average

question 36

Multiple Choice

If you want to examine the difference between the average scores of three unrelated groups,which of the following statistical techniques should you select?

• A)regression
• B)dependent-samples t-test
• C)analysis of variance
• D)independent-samples t-test

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Definitions:

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.

Actuarial Value

A measure of the average amount of benefit a health insurance plan is expected to pay, used to compare different health insurance policies.

Actuary

A professional who analyzes financial risk using mathematics, statistics, and financial theory, mostly in the insurance and pension plan industries.

Expected Return

The anticipated amount of profit or loss an investment generates over a given period of time.