If a Pension Plan Is Underfunded, the Company Has a Net

question 217

True/False

If a pension plan is underfunded, the company has a net loss-OCI.

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Definitions:

Median

The middle value in a data set, which divides it into two equal halves, with an equal number of values both above and below it.

Range

The difference between the highest and lowest scores in a data set, used as a measure of variability.

Stanine

A method of scaling test scores on a nine-point standard scale with a mean of five and a standard deviation of approximately two, used to simplify the interpretation of test results.

Normal Curve

A bell-shaped curve that represents the distribution of a set of data where most occurrences take place in the middle of the range.