The Way to Remember the Percentages of Samples That Will

question 63

Multiple Choice

The way to remember the percentages of samples that will fall within one,two and three standard errors of the parameter are the following:

• A) 68-95-99
• B) 50-50-50
• C) 50-75-100
• D) 50-70-90

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Definitions:

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty and may affect the outcome of a legal agreement.

Express Warranty

Any description of a good’s physical nature or its use, in either general or specific circumstances, that becomes part of a contract.

Non-Material Term

A clause in a contract that, if breached, does not substantially affect the contract's overall purpose and outcome.

Uniform Commercial Code

An exhaustive compilation of statutes that control all business dealings across the United States.