A Confidence Interval Is ______

question 14

Multiple Choice

A confidence interval is ______.

• A) the lower and upper boundaries of the confidence interval
• B) a statistical interval around a point estimate (the mean) that provides a specified level of confidences for the true population parameter
• C) a range of numbers that tells us the probability that our estimate is wrong
• D) range of values for a variable that has a stated probability of containing an unknown population mean

Identify and explain the exceptions to the parol evidence rule.

Distinguish between conditions precedent and subsequent in contract law.

Understand how electronic transactions are treated under laws related to the statute of frauds.

Understand the concept of fraudulent misrepresentation and its requirements, including intent and scienter.