If You Are Self-Employed or Work for a Small Business

question 102

Multiple Choice

If you are self-employed or work for a small business which of the following retirement plans would you be most likely to have?

• A)403(b)
• B)401(k)
• C)Thrift and savings plan
• D)Keogh plan
• E)None of the above

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Definitions:

Null Hypothesis

A default statement that there is no difference or effect, used as a starting point for statistical hypothesis testing.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Statistic

A numerical value calculated from a sample of data, used to estimate characteristics of the population from which it is drawn.

Critical Value

A threshold value in statistical testing which the test statistic must exceed to reject the null hypothesis.