Consideration

question 25

Multiple Choice

Consideration:

• A) must be given by the promisee to the promisor.
• B) must be adequate.
• C) may be given to the promisor or to some other person by the promisee or by some other person.
• D) need not be equal between the parties,but must be proportionate.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is believed to contain the value of an unknown population parameter with a specified level of confidence.

Population Variance

The average of the squared differences between each data point in a population and the mean of the population.

Hypotheses

Statements made for the purpose of testing with statistical analysis, to see if there is enough evidence to support a particular belief or theory.

Significance Level

A threshold in hypothesis testing that determines the probability of rejecting a true null hypothesis, denoted as alpha (α).