Select the Correct Interpretation of the Probability of Guessing the Date

question 40

Multiple Choice

Select the correct interpretation of the probability of guessing the date of his birth, given that he told you in what month he was born. Interpret an event as significant if its probability is less than or equal to 0.05.

• A) Significant
• B) Not significant

---

Definitions:

Unconscionable Contracts

Agreements that are so unfairly one-sided that they are deemed immoral or unjust and are therefore unenforceable under the law.

Unconscionability

A doctrine in contract law that describes terms that are so unjustly one-sided that they are considered shockingly unfair or oppressive.

Doctrine of Privity

A principle that states a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it.

Statutory Assignment

The transfer of rights or benefits from one party to another as permitted or dictated by statute.