Evidence from Studies of Workers' Choices on Whether to Participate

question 76

Multiple Choice

Evidence from studies of workers' choices on whether to participate in 401(k) plans
Suggests that the workers' behavior appears to exhibit

• A) indifference.
• B) ignorance.
• C) inertia.
• D) indecision.

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Definitions:

Proportion

The ratio of a part to the whole, often expressed as a fraction, decimal, or percentage.

Symmetric

Describes a shape or distribution that is mirrored evenly around its central point.

Central Location

A statistical term referring to the center or typical value of a distribution, often measured by the mean, median, or mode.

Ordinal

Relating to an order or sequence; typically referring to data that can be ranked but the intervals between values are not uniform.