Examlex
The newest model of smart car is supposed to get excellent gas mileage. A thorough study showed that gas mileage (measured in miles per gallon) is normally distributed with a mean of 75 miles per gallon and a standard deviation of 10 miles per gallon. What value represents the 50th percentile of this distribution?
Limited Liability Partnership
A partnership where some or all partners have limited liabilities, protecting them from certain debts or obligations beyond their investment.
General Partners
Parties in a partnership who are responsible for the management of the partnership and are personally liable for its debts.
Limited Partners
Investors in a limited partnership who are only liable for the business's debts and obligations up to the amount of their investment.
Limited Partnership
A form of partnership featuring both general partners, with unlimited liability, and limited partners, with liability limited to their investment.
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