When the Amount of a Check Has Been Wrongfully Altered

question 110

True/False

When the amount of a check has been wrongfully altered to a higher amount than it was originally for,the drawer is generally liable only for the original amount of the check,assuming the drawer gives appropriate notice of the alteration to the bank.

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Definitions:

Regression Line

A line plotted through the scatter plot of data points that best expresses the relationship between those points, typically used in linear regression.

Coefficient Of Correlation

A numerical measure that indicates the strength and direction of a linear relationship between two variables.

Confidence Interval Estimate

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

Prediction Interval

A type of interval estimate of a predicted value of a variable based on a particular set of data, encompassing the uncertainty of the prediction.