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To decide whether two different types of steel have the same true average fracture toughness values, specimens of each type are tested, yielding the following results: Calculate the -value for the appropriate two-sample test, assuming that the data was based on = 100. Then repeat the calculation for = 400. Is the small p-value for = 400 indicative of a difference that has practical significance? Would you have been satisfied with just a report of the p-value? Comment briefly.
Statutes Of Limitations
Laws that set the maximum time after an event within which legal proceedings may be initiated.
Law Of Repudiation
The legal doctrine concerning the refusal of a party to honor a contract, which can result in the contract being voided and possible damages awarded for breach of contract.
Substantial Performance Doctrine
A legal principle stating that if a party to a contract fulfills enough of its duties to warrant payment, they may be entitled to payment less any damages caused by their failure to fully comply with the contract terms.
Contract Price
The financial consideration stipulated in a contract that is agreed upon by both parties for the sale, lease, or other forms of exchange.
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