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Two accounting professors decided to compare the variation of their grading procedures. To
Accomplish this they each graded the same 10 exams with the following results:
What are the degrees of freedom for the numerator of the F ratio?
Gratuitous
Referring to something given without expecting anything in return, often related to acts of kindness or voluntary transactions without compensation.
Preexisting Duty
A legal concept indicating that if someone is already legally obligated to perform a certain action, that action cannot be used as consideration for a new contract.
Consideration
The value (such as money, goods, or services) that is given in exchange for a contractual promise or action.
Consideration
The value, such as money, promised, given, or done that induces a party to enter into a contract.
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