Determine Whether the Given Value

question 78

Multiple Choice

Determine whether the given value.
-A sample of 120 employees of a company is selected, and the average age is found to be 37 years.

• A)Parameter
• B)Statistic

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Earnings and Profits

A measure of a corporation’s ability to pay dividends to shareholders, not necessarily equal to net income.

Dependent Care Assistance Plans

Benefit plans offered by employers that allow employees to use pre-tax dollars to pay for dependent care expenses.

Married Filing Separately

A filing option for married partners that enables them to report their personal income, deductions, and exemptions separately on individual tax returns.