John Drives His Car into the Home of Jack Causing

question 21

Multiple Choice

John drives his car into the home of Jack causing extensive damage. James, John's brother, goes to Jack and makes the following statement. "I'll pay for the damage caused by my client if he is unable to pay you." Which of the following is true?

• A) James statement is a promise of guarantee.
• B) James' statement does not have to be in writing to be enforceable.
• C) James' statement has to be in writing to be enforceable.
• D) B & C
• E) A & C

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Definitions:

Population Variances

A measure of the dispersion or spread of the entirety of data points in a population.

Student-t

A distribution that looks similar to the normal distribution but has thicker tails, used especially in scenarios of small sample sizes.

Confidence Interval

A tract of values derived by statistical analysis of samples, thought to potentially include the value of a population parameter not yet known.

Sample Variances

A measure of dispersion calculated from a sample of a population, representing the average of the squared deviations from the sample mean.