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Figure:
Suppose you regress the number of medals won by countries in the 1996,2000,2004,and 2008 Olympics on GDP Per Capita (Thousands) ,Population (Millions) ,and Olympic Year and that you get the results in Figure 6.1.
-Based on the estimates in Figure 6.1,you should conclude that
Discharged
Released or freed from a legal, financial, or other obligation.
Concurrent Conditions
Circumstances where two or more conditions must occur at the same time for a contract or agreement to be fully enforceable.
Conditions Precedent
Requirements that must be met before a contract becomes effective or before certain actions can be taken.
Conditions Subsequent
Conditions that must be met after a contract has been executed in order for the contract to remain effective.
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