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Test Hypotheses About a Population Proportion
-Compute the Standardized Test χ2\chi ^ { 2 }

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Test Hypotheses about a Population Proportion
-Compute the standardized test statistic, χ2\chi ^ { 2 } , to test the claim σ29.6\sigma ^ { 2 } \leq 9.6 if n=20, s2=18.6\mathrm { n } = 20 , \mathrm {~s} ^ { 2 } = 18.6 , and α=0.01\alpha = 0.01 .


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Third-Party Beneficiary

An individual or entity that benefits from the terms of a contract, despite not being one of the principal parties involved in the agreement.

Incidental Beneficiary

A third party who unintentionally benefits from a contract made between two other parties, without having any enforceable rights under that contract.

Novation

A legal process where an old debt, obligation, or contract is replaced by a new one, effectively extinguishing the original agreement and substituting it with a new party or terms.

Obligor

An Obligor is the party in a contractual agreement who is bound to provide a specified performance to another party, the obligee.

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