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Exhibit 10.1
The following questions are based on the problem description and the output below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) .
-Refer to Exhibit 10.1. Suppose that for a given observation, the difference between Mahalanobis distances between group 1 and 2 (G1-G2) is small. This means that
Parol Evidence Rule
A principle in contract law that prevents parties from presenting extrinsic evidence to alter or challenge the terms of a written agreement.
Merger Clause
A provision in a contract stating that the written document contains the entire agreement between the parties, excluding prior verbal agreements.
Integrated Contracts
Legal agreements that combine all terms and conditions outlined in several related documents into a single, comprehensive document.
First-Assignment-in-Time Rule
A legal principle that gives priority to the first assignee in time when multiple assignments have been made for the same rights or property.
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