A Company Employs 750 Individuals

question 96

True/False

A company employs 750 individuals.To ascertain how the employees feel regarding a pension plan,75 of the employees are surveyed.The proportion of the 75 employees who favor the pension plan is a parameter.

---

Definitions:

Accidents

Unintentional or unexpected events that cause injury, damage, or loss, often leading to legal implications.

Quasi-Contract

A legal concept where a court imposes a contractual obligation on one party to prevent unjust enrichment at the expense of another party.

Indemnity

A contractual obligation of one party to compensate for the loss or damage incurred by another party.

Wager

An agreement between two parties where the outcome of a specified event leads to the transfer of something of value from the loser to the winner.