Employees Age 50 or Over Can Contribute an Additional ________

question 86

Multiple Choice

Employees age 50 or over can contribute an additional ________ per year to a 401k) plan.

• A)$6,000
• B)$18,000
• C)$1,000
• D)$6,500

---

Definitions:

Level of Significance

A criterion for judging the strength of evidence provided by the data against the null hypothesis, often denoted by alpha.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, used to assess the evidence against the null hypothesis.

Type I Error

The error that occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, often referred to as a "false positive."

Population Means

The average of all measurements, values, or quantities in a complete population.