The Factor That Differentiates Med-Arb from Mediation and Arbitration Is

question 88

Multiple Choice

The factor that differentiates med-arb from mediation and arbitration is that med-arb:

• A)enables parties to know that their dispute will be resolved.
• B)always produces a satisfactory outcome.
• C)allows parties to walk away if their interests are not served.
• D)does not vest authority to a third party to decide the outcome of the dispute.
• E)ensures that parties work to form a mutually acceptable agreement.

---

Definitions:

Median

Value of a variable that splits a distribution of scores in half, with the same number of scores above the median as below.

Standard Deviation

A statistic used to determine the degree of spread or variation among data values in a series.

Bimodal

Describes a distribution or data set that has two distinct modes or peaks in its frequency of occurrence.

Parameter

A numerical characteristic of a population, such as mean or standard deviation, that can be estimated by statistics calculated from a sample.