A Warranty That Is Created When a Seller or Lessor

question 54

Multiple Choice

A warranty that is created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition is known as a(n) ________ warranty.

• A) implied
• B) conditional
• C) closed
• D) express

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Definitions:

Dependent Variable

In an experimental setting, the variable being tested and measured, which is expected to change as a result of modifications to the independent variable.

Independent Variables

Variables in an experiment that are manipulated to determine if they cause a change in the dependent variable.

Observations

The individual entities or datapoints collected for research or analysis purposes, providing the basis for statistical conclusions.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system, without violating any constraints.