An expected value is another term for the mean of a probability distribution

Max and Leah recently became grandparents. Max, age 71, is employed as an architect and earns an annual salary of $55,000. He has never set up an IRA, but he is thinking about it, now that he has grandchildren. His spouse, Leah, is covered by her company's corporate retirement plan. She has told him that he can contribute to her plan so that they can retire sooner. Which of the following statements is TRUE?

A) Max may set up an IRA, but he will pay 50% excise taxes if he makes any withdrawals in the next 10 years. B) Max's contributions will be tax deductible because his company has never offered a sponsored plan. C) Max and Leah's combined income is too great to enjoy any tax-deferred growth. D) Max cannot contribute to Leah's plan.

Individual personality traits

A. Include demographic and lifestyle characteristics B. Explain very little of the differences in salespeople's performance C. Show Aptitude and work background are more important than responsibility D. Submissive salespeople are equally effective as dominant salespeople E. Show skill variables explain differences in salespeople's performance