Which of the Following Statements Is Incorrect

question 98

Multiple Choice

Which of the following statements is incorrect?

• A)Qualified pension plans may be contributory or noncontributory.
• B)An employer can require employees to make contributions as long as the plan is non-discriminatory.
• C)A profit-sharing plan does not qualify as a pension plan because the amount of profit in a year cannot be known in advance.
• D)With a defined-contribution plan,the amount of total retirement benefits is unknown.

---

Definitions:

Sampling Distribution

The probability distribution of a statistic based on a large number of samples drawn from a specific population.

Unequal-variances T-test

A statistical test used to compare the means of two groups that do not have the same variance.

Non-integer Number

A number that is not an integer, implying it can be a fraction, decimal, or irrational number.

Unequal-variances Test

Statistical tests used when comparing two groups that are assumed not to have the same variance.