Examlex
Express the null hypothesis and the alternative hypothesis in symbolic form. Use the correct symbol ( , ) for the indicated parameter.
-An entomologist writes an article in a scientific journal which claims that fewer than 11 in ten thousand male fireflies are unable to produce light due to a genetic mutation. Use the parameter p, the true proportion of fireflies unable to produce light.
Past Consideration
A concept in contract law that refers to an act or benefit given prior to the promise being made, which therefore does not constitute valid consideration for a contract.
Stock Options
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a predetermined price within a specific period.
Promissory Estoppel
A legal principle that prevents a party from backing out of a promise which led the other party to take action or abstain from it, based on the promise.
Illusory Promise
A statement that appears to be a promise but does not actually bind the party making it to any action or performance, rendering it unenforceable as a contract.
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