What does the standard deviation represent in the formula

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Reference no: EM132268820

1. As we calibrate our Measurement System to assure accurate data we frequently encounter Bias which is the __________________ of a measured value from the ________________ value.

a. Spread, Mean of the population

b. Deviation, hoped for

c. Deviation, true

d. Spread, idea

2. When calculating the Cp index, what does the standard deviation represent in the formula

Cp= (USL-LSL)/6s

The tolerance interval

The confidence interval for the result

The range of the process

The variance of the index

3. Which of the following is NOT a characteristic of real property?

(1) Immobility of land

(2) Durability of real property's improvements

(3) Divisibility of the services it provides

(4) Divisibility of ownership

4. Which of the following statements concerning deductible IRA contributions for those under age 50 is correct?

A single wage earner is limitied to the lesser of $6500 or 100% of his or her compensation.

A married couple with both spouses working may each contribute the maximum permitted a single wage earner.

A married couple with only one spouse working may contribute a maximum $5500.

A divorced person whose only taxable income is alimony cannot make a deductible IRA contribution.

5. Any nondeductible amount contributed may be withdrawn without disturbing the deductible contributions peter molloy is considering making a contribution to an IRA, but his employer has a profit-sharing plan. Plan benefits vest over 6 years, and peter is 60% vested. The employer made no contribution to the plan for the year. No employees have terminated during the year. Which of the following statements concerning Peter’s contribution to an IRA is correct?

peters contribution will not be deductible because contributions are not required every year to profit-sharing plan.

Peters contribution will be deductible because his employer made no contribution to the profit-sharing plan for the year.

Peters contribution will be deductible because he is not yet eligible for full benefits under the profit sharing plan.

Peters contribution will not be deductible because his vesting will increase.

6. Yves is 54 years of age, and his wife Anne is 48 years of age. Yves earned $220000 at his job, but his employer does not sponsor a retirement plan. Anne earned $3500 last year working from home while caring for their children. If Yves and Anne file a joint tax return, how much can they contribute to deductible traditional IRAs?

a. $3500

b. $9000

c. $11000

d. $12000

7. Which of the following retirement plans can allow loans to the participants?

a. Keogh plan

b. SEP

c. SIMPLE IRA

d. Traditional IRA

Reference no: EM132268820

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