Fact Pattern 14-1?Desi Starts Up ESites, an Internet Service, and Leases

question 72

Multiple Choice

Fact Pattern 14-1?Desi starts up eSites, an Internet service, and leases office space in a building owned by Fred.The lease requires Desi to pay Fred a base rental of $1,250, plus 10 percent of eSites' profits, each month.The term is two years.Desi hires Gwen to work at eSites' tech support desk at an hourly wage of $12.50, plus a commission of 10 percent of the profits.The term is also two years.
-Refer to Fact Pattern 14-1.Desi and Gwen are

• A)not partners, because Gwen does not have an ownership interest or management rights in eSites.
• B)not partners, because the pay includes an hourly wage.
• C)not partners, because the pay includes only 10 percent of the profits.
• D)partners in a partnership for two years.

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system undergoing a number of constraints.

Independent Samples

Two or more groups of data that are collected from distinct, non-overlapping populations, allowing for comparisons that assume no inherent relationship between the groups.

Matched Pairs

A design in experiments where pairs of subjects are closely matched on key characteristics, with one subject in each pair receiving each treatment.

Test Statistic

A calculated value from sample data used to determine the p-value in hypothesis testing, assessing the likelihood of observing the results under the null hypothesis.