The Obligation to Use Reasonable Efforts to Minimize Damage Resulting

question 10

Multiple Choice

The obligation to use reasonable efforts to minimize damage resulting from a breach is referred as the duty to ______ one's damages.

• A) Reduce
• B) Remit
• C) Reform
• D) Mitigate
• E) Migrate

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Definitions:

Standardized Test Statistic

A calculated statistic that measures the number of standard deviations a sample statistic lies from the null hypothesis, used in hypothesis testing.

Hypotheses

Statements set up for a statistical test that express the relationship between variables. There is usually a null hypothesis (no effect) and an alternative hypothesis (effect present).

Sigma

A symbol (σ) used in statistics to represent the standard deviation of a population.

Type II Error

The error that occurs when a hypothesis test fails to reject a false null hypothesis, also known as a false negative.