Bret Enters Coffee Café, Where He Has an Open Account

question 37

Multiple Choice

Bret enters Coffee Café, where he has an open account, fills a cup of coffee, holds it so Demy the cashier can see it, acknowledges her nod, and walks out with the coffee, knowing that he will be billed for it at the end of the month. Bret has formed

• A) an express contract.
• B) an implied-in-fact contract.
• C) an implied-in-law contract.
• D) no contract.

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Definitions:

Null Hypothesis

A default statement in hypothesis testing that assumes no effect, difference, or relationship exists between groups or variables.

Confidence Interval

A continuum of values from statistical sample analyses, speculated to contain the value of a population parameter that is not known.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics of a population or data set.

Level Of Significance

The probability criterion used for rejecting the null hypothesis, a critical boundary for determining statistical significance in testing.