The Values Given Below Are Snow Depths Measured as Part

question 140

Multiple Choice

The values given below are snow depths measured as part of a study of satellite observations and water resources.
19, 18, 12, 25, 22, 8, 8, 16

-What is the mode?

• A)8
• B)23.5
• C)16
• D)17
• E)18

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Definitions:

Actuarial Assumptions

The hypotheses about demographic, financial, and other variables that actuaries use to calculate the liabilities and expenses of insurance and pension plans.

GAAP Standards

Generally Accepted Accounting Principles; a set of rules and standards used for financial reporting and accounting in the United States.

Pension Asset

Refers to the resources set aside by a company in a pension fund to meet future pension liabilities to its employees.

Projected Benefit Obligation

A measurement of the present value of future pension benefits earned to date as estimated by actuaries, used in accounting for pension plans.