You Toss a Coin Three Times

question 60

Multiple Choice

You toss a coin three times. What is the probability of getting three heads?

• A)1/2
• B)1/3
• C)1/6
• D)1/8

Identify the circumstances under which silence can amount to acceptance.

Differentiate between acceptance under common law (mirror image rule) and under the UCC.

Recognize the role and effect of additional terms in acceptances between merchants.

Understand the application and impact of the Knock-Out Rule in contracts.

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Definitions:

Test-Retest Procedures

A method of determining the reliability of a test by administering it to the same group of individuals at two different points in time.

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Criterion Validity

The extent to which a measure is related to an outcome, assessing whether the measure under consideration actually measures what it purports to measure.

Reliability

The degree to which an assessment tool produces stable and consistent results over multiple administrations or observations.