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There is a proposal to replace the shortest roller coaster above with one that has a length of 1,200 ft. Indicate whether changing that roller coaster's length would make each of these summary statistics increase, decrease, or stay about the same.
a. mean
b. median
c. range
d. IQR
e. standard deviation
Creditor Beneficiary
A creditor beneficiary is a third party that benefits from a contract in which one party (the promisor) agrees to pay a debt owed to the beneficiary by the other party (promisee).
Incidental Beneficiary
A third party who might benefit from a contract between two other parties but does not have legal rights to enforce the contract terms.
Assignment
The transfer of rights, duties, or property from one party to another, often used in the context of contracts or real estate.
Third-Party Beneficiary
An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.
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