​Pico, a Famous Chef, Agrees to Give Ten Culinary Lessons

question 9

Multiple Choice

​Pico, a famous chef, agrees to give ten culinary lessons to Rhoda in exchange for $1,200. Pico's attempt to transfer his contract duties to Sven, an unknown sous-chef, will probably be

• A) ​permitted because contracts may be freely delegated.
• B) ​permitted because the contract is concerned with cookery.
• C) ​prohibited because contracts may not be freely delegated.
• D) ​prohibited if Pico and Sven have different skill levels.

---

Definitions:

Statistical Software

Computer applications designed to perform statistical analysis, manage data, and facilitate data mining and interpretation.

Prediction Equation

A mathematical formula used to forecast future values based on current or historical data.

Exponential Smoothing

A time series forecasting method for univariate data that applies exponentially decreasing weights over past observations.

Weight

In statistical contexts, weight refers to a coefficient assigned to data points or parameters indicating their importance or relevance in the analysis.