TheBilski V

question 66

Multiple Choice

TheBilski v.Kapposcase referenced in the text,involved a question of whether a business process explaining how buyers and sellers of commodities in the energy market can use hedging to protect against price fluctuations is patentable.How did the U.S.Supreme Court rule?

• A) The court ruled that the claimed invention was a patent-eligible process.
• B) The court ruled that the claimed invention was not a patent-eligible process because it was an abstract idea.
• C) The court ruled that the claimed invention was not a patent-eligible process because under federal patent law, no business methods may be the subject of patents.
• D) The court ruled that more information was needed regarding expected profits before a determination could be made as to patentability.

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Definitions:

Population Standard Deviation

Population Standard Deviation is a measure of the dispersion or spread of all the values in a given population, indicating how much the individual values in the population differ from the population mean.

Sample Size

The number of observations or data points collected in a sample, which impacts the precision of statistical results.

Standard Error

A measure of the accuracy of a sample mean by describing the dispersion of sample means around the population mean.

Population Standard Deviation

A measure of the amount of variation or dispersion of a set of values in an entire population.