If the Mean IQ of All Omega University Students Was

question 15

Multiple Choice

If the mean IQ of all Omega University students was equal to 115, and a small sample of students was selected from the population whose mean IQ was 120, then this difference of 5 points would equal

• A) parameter
• B) the statistic
• C) the sampling error
• D) the deviation quartile

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is a comprehensive guarantee that a manufacturer or seller makes, promising to repair, replace, or refund a product if it fails within a specified period.

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A guarantee that is not written or spoken but is understood and legally binding, ensuring goods or services meet certain standards of quality and reliability.

Implied Warranty

A legal presumption that a product will fulfill the basic functions for which it was sold, without being explicitly stated by the seller.

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Concerns the basic standard of quality and functionality that goods sold must meet, implying they are fit for the general purpose for which they are sold.