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Suppose that an automobile manufacturer designed a radically new lightweight engine and wants to recommend the grade of gasoline to use. The four grades are: below regular, regular, premium, and super premium. The test car made three trial runs on the test track using each of the four grades. Is there a difference in the performance between the four grades of gas? If you were to use Excel to assist in your solution to this problem, which test would you use?
Performance
The execution, accomplishment, or carrying out of something such as a task, a contract, or a duty.
Accord and Satisfaction
A legal agreement between parties to settle a dispute by both agreeing to and performing new terms different from the original contract.
Original Debt
The initial amount of money borrowed or owed, before any interest or fees are added.
Implied-in-Fact Conditions
Terms and conditions in a contract that are not expressly stated but can be inferred from the nature of the agreement and the actions of the parties involved.
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