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Suppose Democrats and Republicans report their trust of government on a 100-point scale. Further suppose that the average score of Democrats is 70 and the average score of Republicans is 65. Why do we need information about the variability within both groups to determine if the 5-point difference is meaningful?
Law of Contracts
The branch of law dealing with the creation and enforcement of agreements between parties, outlining the obligations that each party must fulfill.
Contractual Capacity
Contractual capacity refers to the legal ability of a party to enter into a contract, generally requiring them to be of sound mind and of legal age.
Binding Agreement
A contract or deal between two or more parties that is legally enforceable in a court of law.
Legal Ability
The capability or qualification to engage in a legal task or to perform legal duties, often requiring specific knowledge or licensing.
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