THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 124

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sample of 26 offshore oil workers took part in a simulated escape exercise,resulting in the accompanying data on time (sec)to complete the escape:

-By how much could the largest time,currently 424,be increased without affecting the value of the sample median? By how much could this value be decreased without affecting the value of the sample median?

---

Definitions:

Contract Implied

A legal agreement created by the actions, behavior, or circumstances of the parties involved, rather than by their written or spoken words.

Mutual Intent

The shared understanding and agreement between parties involved in a contract or negotiation.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has reasonably relied on that promise to their detriment.

Traditional Contract

A legally binding agreement following established legal formats and norms, typically involving a written document.