Any Ambiguity in an Exemption Clause Must Be Interpreted Against

question 42

Multiple Choice

Any ambiguity in an exemption clause must be interpreted against the ________ party because that party had every chance to make the ambiguity more clear.

• A)remote
• B)third
• C)drawing
• D)assigning
• E)minor

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Definitions:

Unknown Parameters

Quantities in a statistical model that are not known a priori but are estimated from data.

P-values

The probability of observing a statistic as extreme as, or more extreme than, the statistic observed under the assumption that the null hypothesis is true.

Two-sided

Pertaining to hypothesis tests that consider deviations in both directions away from a specified null hypothesis.

One-sided

A term used in hypothesis testing to describe a test where the alternative hypothesis specifies a direction of the difference or effect.