Discuss the Elements of a Contract Required for Electronic Commerce

question 47

Essay

Discuss the elements of a contract required for electronic commerce transactions.

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Definitions:

Central Limit Theorem

The theoretical foundation for \(\overline{x}\)-charts, which states that regardless of the distribution of the population of all parts or services, the x distribution tends to follow a normal curve as the number of samples increases.

Normal Distribution

A probability distribution that is symmetric around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

P-chart

is a statistical tool used in quality control to monitor the proportion of defectives in a process and determine if that process is in a state of control.

Typographic Errors

Mistakes made in the typing or printing process, often resulting in incorrect spelling, punctuation, or layout in text.