Which of the Following Is True of the Federal Arbitration

question 97

Multiple Choice

Which of the following is true of the Federal Arbitration Act?

• A) It covers any arbitration clause in a contract that involves interstate commerce.
• B) It favors litigation over arbitration in cases where an arbitration clause is ambiguous.
• C) It nullifies the rights of parties to litigate disputes if an arbitration clause exists.
• D) It ensures that arbitration is used only in federal cases, and not in state cases.
• E) It guarantees that all arbitration clauses are irrevocable under any circumstances.

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Definitions:

Sample Variance

A measure of the dispersion or spread of data points in a sample, calculated by taking the average of the squared differences from the mean.

Central Limit Theorem

A statistical theory stating that the distribution of sample means will approximate a normal distribution as the sample size becomes large, regardless of the population's distribution.

Statistical Analyses

The process of collecting, summarizing, and interpreting data to discover patterns and test hypotheses.

T-distribution

A probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small, and the population standard deviation is unknown.