An Administrator in Charge of Residential Life Services Recently Conducted

question 37

Multiple Choice

An administrator in charge of residential life services recently conducted a survey of undergraduate college students at a small university. A random sample of 300 students was selected from each class level (freshman, sophomore, junior, or senior) . Each student was asked to complete and return a short questionnaire on the quality of campus residences. Some students returned the questionnaire; some did not. This is summarized in the table below. What percent of freshmen returned the questionnaire?

• A)50%
• B)47.5%
• C)36.7%
• D)63.3%

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Definitions:

Actuarial Gains

Increases in the estimated value of a company’s pension plan benefits, resulting from changes in assumptions or improved performance.

Experience Adjustments

Changes to actuarial assumptions regarding pensions or other post-employment benefits based on differences between prior predictions and actual experience.

Actuarial Assumptions

Assumptions about future events affecting pension and insurance contracts, used to estimate the value of liabilities and premiums.

Defined Contribution Plans

Post-employment plans for which an employer pays fixed contributions into a separate entity (e.g., superannuation fund) on behalf of the employee.