What Is the Value of SS (Sum of Squared Deviations)

question 39

Multiple Choice

What is the value of SS (sum of squared deviations) for the following sample? Sample: 2, 3, 4, 7

• A)14/3 = 2.67
• B)14
• C)72
• D)78

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from going back on a promise, even if the promise was not formally agreed upon, if the other party has relied on that promise to their detriment.

Adequate Consideration

Sufficient value or compensation exchanged between parties in a contract, making the agreement legally binding.

Detriment

A state of being harmed or damaged, often used in legal contexts to describe loss or injury.

Adequacy of Consideration

Refers to a legal assessment of whether the consideration (value) given in exchange for a promise or for performance in a contract is fair and reasonable.