Which Statement Is Correct About Retirement Planning of Young Professionals

question 67

Multiple Choice

Which statement is correct about retirement planning of young professionals?

• A)They don't want to retire with plenty of money.
• B)They would rather save money now for retirement than spend it.
• C)They are not worried about having enough money to retire comfortably.
• D)Young people are in the best position to save.
• E)Saving money does not come naturally to many young people.

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Definitions:

Population Parameter

A numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.

Interval Estimate

An estimate that provides a range of values which is likely to include the population parameter of interest.

Confidence Level

The confidence associated with an interval estimate. For example, if an interval estimation procedure provides intervals such that 95% of the intervals formed using the procedure will include the population parameter, the interval estimate is said to be constructed at the 95% confidence level.

Confidence Interval

A breadth of outcomes, sourced from sample-derived statistics, expected to surround the unknown figure of a population characteristic.