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Whenever a Contract Is Intended to Benefit a Third Person,this

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Whenever a contract is intended to benefit a third person,this person is referred to as a delegator.


Definitions:

Total Sum

The aggregate or combined total of all the values in a set of numbers.

F Distribution

A probability distribution that is used in ANOVA tests, describing the ratio of variances between and within samples.

Test Statistic

A value computed from sample data during a hypothesis test used to decide whether to reject the null hypothesis.

F-Distribution

A probability distribution used in analysis of variance, concerned with variability between and within data samples.

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