Raymond Finds Out That the City of Mornady Has a Contract

question 45

Multiple Choice

Raymond finds out that the city of Mornady has a contract with ACME company to pave the streets in front of his house. Paving the street will increase the value of his property. Raymond would be a[n] ________ beneficiary to the contract.

• A) donee
• B) creditor
• C) incidental
• D) accidental
• E) negligent

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Definitions:

Probability Sampling

A sampling method where each member of the population has a known, non-zero probability of being selected in the sample.

Sample Proportion

The fraction or percentage of the sample that possesses a certain property or characteristic.

Probability

An indicator of the probability or risk that a certain event will happen, represented by a numerical value ranging from 0 to 1.

Population Mean

The average of a set of numerical values, calculated by summing all the observations and dividing by the total number of observations in the population.