403 (b)

(noun)

A U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers, cooperative hospital service organizations, and self-employed ministers in the United States. It has tax treatment similar to a 401(k) plan.

Related Terms

Examples of 403 (b) in the following topics:

  • Fringe Benefits

    • Some function as tax shelters (for example, flexible spending accounts, 401(k),and 403 (b)).

  • Standard Benefits

    • Retirement benefit plans (pension, 401(k), 403(b)) - Employees are entitled to various retirement-related benefits such as long-term investments, pensions, and other savings for retirement age.

  • Reactive Intermediates

  • Superposition of Forces

    • The E field and B field vary in space and time.

  • Hypothesis testing exercises

    • Suppose regulators monitored 403 drugs last year, each for a particular adverse response.
    • (c) Suppose the vast majority of the 403 drugs do not have adverse effects.
    • (b) H 0 : µ = 127.
    • If all 403 drugs are actually okay, then about 403 × 0.05 ≈ 20 drugs will have a Type 1 error.
    • (b) H 0 : µ = 18.

  • Foundations for inference solutions

    • (b) Mean.
    • (b) SD: 1.91.IQR: 15 − 13 = 2.
    • (b) H 0 : µ = 127.
    • If all 403 drugs are actually okay, then about 403 × 0.05 ≈ 20 drugs will have a Type 1 error.
    • (b) -7%.

  • Civil Service Reform

    • President Rutherford B.
    • Arthur, the collector of the Port of New York, and his subordinates Alonzo B.
    • The Pendleton Civil Service Reform Act (ch. 27, 22 Stat. 403) of the United States is a federal law established in 1883 that stipulated that government jobs should be awarded on the basis of merit.

  • Summary of Formulas

    • P(A OR B) = P(A) + P(B) − P(A AND B)
    • If A and B are mutually exclusive then P(A AND B) = 0 ; so P(A OR B) = P(A) + P(B).

  • The Multiplication Rule

    • If A and B are two events defined on a sample space, then: P(A AND B) = P(B) · P(A|B).
    • $P ( A | B ) = \frac{P ( A \; AND \; B )}{P(B)} $
    • (The probability of A given B equals the probability of A and B divided by the probability of B. )
    • If A and B are independent, then P(A|B) = P(A).
    • Then P(A AND B) = P(A|B) P(B) becomes P(A AND B) = P(A) P(B).

  • Nonprice Competition