If a P-Value = 0

question 15

Multiple Choice

If a P-value = 0.1039 at α = 0.05.

• A)The result is inconclusive, we need to know the proportions compared.
• B)We reject the null hypothesis.
• C)We cannot conclude anything unless we know the sample size.
• D)We fail to reject the null hypothesis.
• E)The value of α is too large to be meaningful.

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Definitions:

Pension Plan

A type of retirement plan typically sponsored by employers that provides monthly income to employees after they retire.

Defined-contribution Plans

Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.

Maximum Contribution Limits

The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS, providing tax advantages such as tax-deferred growth on earnings and deductible contributions.