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TABLE 9-6
The quality control engineer for a furniture manufacturer is interested in the mean amount of force necessary to produce cracks in stressed oak furniture. She performs a two-tail test of the null hypothesis that the mean for the stressed oak furniture is 650. The calculated value of the Z test statistic is a positive number that leads to a p-value of 0.080 for the test.
-Referring to Table 9-6, suppose the engineer had decided that the alternative hypothesis to test was that the mean was less than 650. Then if the test is performed with a level of significance of 0.05, the null hypothesis would be rejected.
Consideration Requirement
A fundamental principle in contract law that requires both parties involved in a contract to exchange something of value for the agreement to be legally binding.
Legal Value
Consideration or a benefit recognized by the law that supports a contract's enforceability.
Steinberg v. U.S.
A legal case reference, implying a specific instance of jurisprudence or legal interpretation by the court.
Bargained For
Refers to a situation in contract law where each party receives something of value in exchange for their agreement or performance.
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