Alvin Advertises on Craig's List to Sell His Used Lawnmower

question 241

Multiple Choice

Alvin advertises on Craig's List to sell his used lawnmower for $60. Roy tested the lawnmower and then offered Alvin $50 for it. In this case

• A) the two parties have created a legally enforceable contract.
• B) Roy's offer represents an acceptance of the original terms.
• C) there is no agreement and no contract.
• D) there is no agreement, but there is a valid contract.

---

Definitions:

Standard Deviation

The measure of the dispersion of a set of values relative to its mean, indicating how spread out the values are.

Standard Normal Curve

A bell-shaped curve that is symmetric about the mean, representing the distribution of a standard normal variable with a mean of zero and a variance of one.

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of all values by the count of the values.

Frequency Curve

A graphical representation depicting the distribution of different frequencies of a set of data.