Examlex
Which of the following can be modeled using a Bernoulli distribution?
Invitation to Do Business
An expression of interest or a solicitation that is not legally binding, essentially a preparatory step to entering negotiations.
Lapsed
Refers to something that has expired or fallen out of use, often due to the passage of time or failure to renew.
Verbal Offer
An offer made orally, rather than in writing, typically in contexts of negotiation, sales, or employment arrangements.
Silence
The absence of any sound or noise; in legal terms, it may refer to the situation where a party's failure to speak or act is interpreted as consent or agreement.
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