A Common Problem in Cases of Express Warranty Is Being

question 31

Essay

A common problem in cases of express warranty is being able to separate statements that create express warranties from statements that do not.Discuss what type of statements create an express warranty and four indications that a statement is likely to create an express warranty.

---

Definitions:

R Square

The ratio of the variance in the outcome variable that can be attributed to the influence of predictor variables in a regression analysis.

Dependent Variables

Variables in an experiment or model that are affected by changes in the independent variables, typically outcomes or results being measured.

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other entity to a particular group or nominal category.

Dummy Variables

Variables created to include categorical data in regression models, converting categories to a numerical form.