After Rigorous Statistical Analyses Have Shown a Very Low Likelihood

question 87

Multiple Choice

After rigorous statistical analyses have shown a very low likelihood (usually 5% or less) of a result having occurred by chance alone, the result is said to be ____.​

• A) quantitatively probable​
• B) ​probably random
• C) ​statistically significant
• D) ​due to sampling error
• E) ​statistically probable

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Definitions:

Valid Offer

A valid offer is a clear proposal made by one party to another indicating a willingness to enter into a contract under specified terms, which, if accepted, results in a binding agreement.

Firm Offer

Under the Uniform Commercial Code, a signed, written offer by a merchant containing assurances that it will be held open, and which is not revocable for the time stated in the offer, or for a reasonable time if no such time is stated.

Consideration

In contract law, something of value exchanged between parties that is necessary for a valid contract.

Offeror's Death

refers to the termination of an offer in contract law due to the death of the person making the offer before it is accepted.