I Would Calculate a ______ If I Wanted to ______

question 10

Multiple Choice

I would calculate a ______ if I wanted to ______.

• A) regression equation; test the relationship between variables
• B) regression equation; predict one variable from another variable
• C) correlation coefficient; compare groups
• D) correlation coefficient; test nonlinear relationships

---

Definitions:

Adequacy of Consideration

The fairness of the value exchanged in a contract, ensuring that what is provided by each party is of comparable worth.

Financial Benefit

Any form of economic gain received, including income, dividends, or an increase in asset value.

Unforeseen Difficulties

Challenges or problems that were not anticipated or expected at the outset of a project or agreement.

Preexisting Duty Rule

A legal doctrine stating that a promise to perform something the promisor is already legally obligated to do is not consideration for a new contract.