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Answer the following two questions:
a. If a constant c is added to each
in a sample, yielding
=
+ c, how do the sample mean and median of the
's relate to the mean and median of the
's? Verify your conjectures.
b. If each
is multiplied by a constant c, yielding
=
, answer the question of part (a). Again, verify your conjectures.
Privity of Contract
The rule that only the individuals or entities who are parties to a contract can have rights or duties imposed by the contract itself.
Statutory Assignment
The transfer of rights or benefits from one party to another in accordance with specific statutes or laws.
Equitable Assignment
The transfer of rights or benefits from one party to another, recognized by equity and intended to be binding, often used in absence of formal legal assignment.
Novation
A legal process where a new contract replaces an existing one, transferring rights and obligations from the original party to a new one.
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