A Means Test Is Used to Determine Whether ________

question 11

Multiple Choice

A means test is used to determine whether ________.

• A) the debtor's median family income is less than the state's median family income
• B) the debtor's median family income is more than the state's median family income
• C) the debtor has the capability to pay prepetition debts out of postpetition income
• D) the debtor would qualify to file for bankruptcy under Chapter 13

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Definitions:

Standard Deviation

A measure of the dispersion or variability in a set of data points, indicating the degree of risk or volatility.

Probability Distribution

A statistical tool that maps out every possible outcome along with its probability for a random variable within a predefined scope.

Expected Rate

Expected rate often refers to the return anticipated on an investment or project in the future, taking into account the risk and uncertainties associated with it.

Standard Deviation

A measure of the dispersion or variability around the mean of a set of data values, often used in finance to gauge investment risk.