Data Were Collected for a Sample of 12 Pharmacists to Determine

question 16

Multiple Choice

Data were collected for a sample of 12 pharmacists to determine if years of
Experience and salary are related. The regression model fit to these data is $$\text { Salary } = 37.2 + 1.49 \text { Years Experience }$$
Using this regression equation to predict
Salary for 10 years of experience gives the following results. Which of the following is
True? $$\begin{array} { l l c c } \text { Fit } & \text { SE Fit } & 95\% \text { CI } & 95\% \text { PI } \\52.05 & 1.81 & ( 48.01,56.08 ) & ( 38.96,65.13 ) \end{array}$$

• A) 95% of pharmacists with 10 years of experience earn between $38,960 and $65,130.
• B) 95% of pharmacists with 10 years of experience earn between $48,010 and $56,080.
• C) We are 95% confident that a particular pharmacist who has 10 years of experience earns between $38,960 and $65,130.
• D) We are 95% confident that a particular pharmacist who has 10 years of experience earns between $48,010 and $56,080
• E) 95% of pharmacists with 10 years experience on average earn between $48,010

Distinguish between different types of leases and transactions under the UCC, including commercial and consumer leases.

Interpret agreements and determine the enforceability of oral contracts for the sale of goods under the UCC.

Recognize the implications of the United Nations Convention on Contracts for the International Sale of Goods (CISG) on international transactions.

Understand how the UCC treats shipments of non-conforming goods as both an acceptance and a breach.