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CASE 21.2SEC v.Edwards (2004) involved sales of interests in pay telephones with a question before the U.S.Supreme Court of whether a moneymaking scheme falls outside the definition of an investment contract because the promised rate of return is fixed,rather than variable.How did the Court rule?
Confidence Limit
The range within which a population parameter is estimated to lie with a certain confidence level.
Population Variances
The measure of the spread of a population's data points from their mean.
Sample Variances
The measure of variability that quantifies the spread of data points in a sample dataset around the mean.
Population Variances
The measure of how data points in an entire population are spread out, calculated as the average of the squared differences from the mean.
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