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An Example of Privity of Contract Is Going in to the Store

question 21

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An example of privity of contract is going in to the store and purchasing bad peas and suing the store.


Definitions:

Re-Expressing

The mathematical transformation of data in statistics to meet the assumptions of statistical models or to improve interpretability.

Assets

Resources owned by a person or entity considered valuable and can be used to meet debts, commitments, or legacies.

Re-Expression

The process of transforming data using a mathematical function to achieve a more linear relationship between variables.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values within a dataset.

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