Which Is Not a Revocable Offer

question 16

Multiple Choice

Which is not a revocable offer?

• A)A bid to construct a bridge for the city.
• B)An offer to buy stock in the ABC Corporation once it is formed.
• C)A unilateral offer to pay John $30 to mow your lawn after he has completed half the job and indicates he wishes to finish.
• D)None of the above are revocable offers.

---

Definitions:

Population

The entire group of individuals or instances about whom we seek to make conclusions.

Statistic

A numerical measurement describing some characteristic of a sample, used to estimate the population parameter.

Sample

A smaller group chosen from the larger population for the purpose of gathering statistical data through measurements, observations, or inquiries.

Inferential Statistics

The branch of statistics that focuses on drawing conclusions and making predictions about populations based on samples.