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Exhibit 10.4
The information below is used for the following questions.
A manager wants to classify people as belonging to one of two groups based on two scores. The manager has collected data on four current employees and has performed a regression analysis on the data. The data for the problem and the relevant output are shown below.
-Refer to Exhibit 10.4. Compute the discriminant score and predicted group for someone with Score 1 of 242 and Score 2 of 142.
Contract Defense
Legal arguments used to challenge the enforceability of a contract, such as duress, misrepresentation, unconscionability, or lack of capacity.
Usurious Loan
A loan with an interest rate that exceeds the legal limit set by law, often considered predatory.
State Statutes
Laws that are established and enforced by individual U.S. states, as opposed to federal laws.
Gambling Agreement
A contract or arrangement between parties to stake something of value, typically money, on the outcome of an event with an uncertain result, with the primary intent of winning additional money or material goods.
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