We Have Two Percentages and We Want to Know If

question 35

Multiple Choice

We have two percentages and we want to know if they are statistically different. We calculate our z and find that it is 4.21. This means:

• A) the two percentages are the same
• B) the two percentages are not statistically different
• C) the two percentages have a 421 percent chance of not being different
• D) the two percentage are statistically different
• E) the two percentages have a 421 percent chance of being different

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Definitions:

Amortization

The gradual reduction of a debt over a period through regular payments covering interest and principal components.

Deferred Loss

A loss that has been incurred but is not immediately recorded in the financial statements.

Plan Assets

Assets that are held by a retirement or pension plan for the exclusive purpose of paying benefits to participants as they become due.

Expected Return

The anticipated profit or loss from an investment over a given period, taking into account the probability of various outcomes.