Which of the Following Is the Type of Retirement Plan

question 29

Multiple Choice

Which of the following is the type of retirement plan that does not define the eventual benefit amount,but only the periodic employer contribution to the plan?

• A) Government-sponsored plan
• B) Defined contribution pension plan
• C) Deferred profit-sharing plan
• D) Undefined retirement plan
• E) Defined benefit pension plan

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Definitions:

Two-Tail

Pertains to a type of statistical test that assesses the possibility of an effect being in two opposite directions, not favoring either tail of the distribution.

P-Value

A measure in statistical hypothesis testing representing the probability of obtaining test results at least as extreme as the results actually observed, assuming that the null hypothesis is correct.

Level Of Significance

The threshold at which a null hypothesis is rejected in statistical testing, often denoted by alpha (α), representing the probability of making a Type I error.

Null Hypothesis

A default statement in hypothesis testing that assumes no effect, difference, or relationship exists between groups or variables.