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Use the Normal to model the distribution of sample means.
-A small business ships specialty homemade candies to anywhere in the world. Past
Records indicate that orders weigh an average of 118 grams with a standard deviation of
14 grams. Suppose a random sample of 50 current orders is selected and each weighed
And resulting sample mean is 110 grams. Which of the following statements is true?
Good Faith Purchaser
An individual who buys property without knowledge of any existing claims or defects against the property, thus legally acquiring clean title.
Warranty of Title
A legal guarantee provided by a seller to a buyer that the seller has the right to transfer ownership and no hidden liens or encumbrances exist.
Risk of Loss
The financial risk borne by a party in the event that goods are lost, damaged, or destroyed during transportation or storage.
Sale or Return
A sales agreement allowing the buyer to return unsold goods to the seller without obligation within a specified period.
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