Examlex
Please answer the following questions about defined benefit pension plans:
Midrange
The statistical measure calculated by taking the average of the highest and lowest values in a data set.
Mode
The value that appears most frequently in a data set.
Sample Mean
The average value calculated from a sample, intended to estimate the population mean from which the sample was drawn.
Sample
A subset of a larger population selected for measurement or observation, intended to represent the larger group.
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