Payments Made to You by Old Age Security Are Based

question 43

Multiple Choice

Payments made to you by Old Age Security are based on

• A)your residency in Canada between ages 16 and 67.
• B)the length of time you worked in Canada prior to age 65.
• C)your average YMPE earnings between ages 18 and 65.
• D)your adult residency in Canada between 10 and 40 years.

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Definitions:

Standard Deviation

A statistics metric that quantifies the variation or dispersion of a set of values.

Sample Mean

The average value of a sample, calculated by summing all the observations and dividing by the number of observations in the sample.

Range

The difference between the maximum and minimum values in a data set, indicating the spread of the data.

Standard Deviation

A metric that calculates the deviation or spread of data points in a dataset from the average value.