Arbitration Is Where an Impartial Third Party Acts as Both

question 53

True/False

Arbitration is where an impartial third party acts as both judge and jury in imposing a binding decision on both negotiating parties.

---

Definitions:

Contingency Table

A data table that shows the frequency distribution of the variables in a matrix format, useful for statistical analysis like chi-square tests.

Qualitative Variables

Variables that categorize or describe attributes or properties without a natural numerical scale or order.

Contingency Tables

A type of table in a matrix format that displays the frequency distribution of the variables, useful in statistics to analyze the relationship between two or more categorical variables.

Independence

A concept in probability and statistics where two events are said to be independent if the occurrence of one does not affect the probability of occurrence of the other.