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When Both Parties to an Illegal Agreement Are Equally Wrong

question 41

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When both parties to an illegal agreement are equally wrong in the knowledge of the operation and effect of their contract, they are said to be in pari delicto.


Definitions:

Coefficient Of Determination

A statistical measure represented as a number between 0 and 1 that indicates the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

SSR

The sum of squared residuals, a measure of the discrepancy between the data and an estimation model.

SSE

The sum of squared errors, which measures the total deviation of observed values from their mean in statistical models.

Confidence Interval

The interval estimate of the mean value of y for a given value of x.

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