To Be Effective, an Offer Must

question 37

Multiple Choice

To be effective, an offer must:

• A) be sufficiently definite and certain.
• B) be communicated to the offeree.
• C) manifest an intent to enter into a contract.
• D) All of these.
• E) None of these.

---

Definitions:

Upper Confidence Bound

The upper limit of a confidence interval, indicating the highest value that, with a certain level of confidence, is believed to encompass the true parameter.

Population Means

The averages of different populations, providing a measure of central tendency for each population's data.

Large Samples

Refers to datasets that are sufficiently large to enable statistically meaningful analysis, often used to achieve more accurate estimates of population parameters.

Lower Confidence Bound

The lower limit of a confidence interval, indicating the smallest value that, based on the data, might be considered a plausible estimate of a parameter.