What Type of Warranty,if Any,did the Salesperson Make by Selling

question 28

Multiple Choice

What type of warranty,if any,did the salesperson make by selling the boat to Sally knowing that she wanted it to be ocean-going?

• A) An implied warranty of merchantability.
• B) An implied warranty of fitness for a particular purpose.
• C) An express warranty.
• D) A strict liability warranty.
• E) A federal law warranty.

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Definitions:

Calculated

The result obtained from mathematical or statistical operations on data or values.

Test Statistic

A calculated value from sample data used in hypothesis testing to determine whether to reject the null hypothesis.

Calculated Value

A numeric value derived from mathematical operations on data or parameters.

Population Variances

A measure of the dispersion of all the values in a population, reflecting how much the individuals within the population differ from the population mean.