Agreement Is Usually Evidenced by Which Two Events

question 121

Multiple Choice

Agreement is usually evidenced by which two events?

• A) Offer and decision
• B) Offer and agreement
• C) Offer and acceptance
• D) Offer and acknowledgment

---

Definitions:

Correlation Coefficient

A numerical index that gauges the intensity and orientation of the linkage between a pair of variables.

Scatter Diagram

A graphical representation that displays the relationship between two quantitative variables using Cartesian coordinates to display values for typically a set of data.

Least Squares Line

A straight line that best fits the data points of a scatter plot, minimizing the sum of the squares of the vertical distances of the points from the line.

Covariance

Covariance is a measure that indicates the extent to which two random variables change in tandem. A positive covariance means that the variables tend to move in the same direction, while a negative covariance means they move inversely.