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From a population that is not normally distributed and whose standard deviation is not known, a sample of 6 items is selected to develop an interval estimate for the mean of the population ( ) .
Suretyship Provision
A legal agreement in which a third party agrees to be responsible for the debt or obligation of another party if that party fails to perform or pay.
Main Purpose Doctrine
A legal principle that a promise to pay the debt of another does not need to be in writing if the guarantor's main purpose benefits themselves.
Statute of Frauds
A legal principle requiring certain contracts to be in writing and signed by the party to be charged to be enforceable.
Oral Contract
An agreement between parties that is spoken, not written, but is still legally binding.
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