Shinji Contractually Agreed to Record a Concert for Keith

question 37

Multiple Choice

Shinji contractually agreed to record a concert for Keith.The concert was to occur on November 8 and Keith was to pay a price of $10 000 on the same day.On October 15,Shinji informed Keith that he would not be able to record the concert.On November 2,Keith entered into a contract with his good friend,Manfred.Under the terms of that agreement,Manfred was required to record the concert on November 8 and Keith was required to pay $25 000.The evidence indicates that Keith could have easily hired someone other than Manfred for $17 000.Which of the following statements is TRUE? A court would probably order Shinji to pay Keith

• A)$25 000.
• B)$17 000.
• C)$15 000.
• D)$10 000.
• E)$7000.

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Definitions:

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean of the dataset, often used in standardizing scores.

Chi-square Test

A statistical procedure employed to evaluate whether a significant correlation exists between two variables that are categorical.

Minimum

The smallest or least amount allowable or possible in a given set of circumstances.

Maximum

The largest value in a given set of numbers or data points.