Exhibit 5-7 A Sample of 2,500 People Was Asked How Many Cups

question 22

Multiple Choice

Exhibit 5-7
A sample of 2,500 people was asked how many cups of coffee they drink in the morning. You are given the following sample information.
-Refer to Exhibit 5-7. The variance of the number of cups of coffee is

• A).96
• B).9798
• C)1
• D)2.4

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Definitions:

Entrustment

The transfer of goods to a merchant who ordinarily deals in that type of goods. If the merchant subsequently sells them to a good-faith third-party purchaser, the buyer acquires good title to the goods.

Merchant Authority

The legal ability of a retailer or agent to act on behalf of a business in a way that binds the business.

Void Title

A legal term indicating that a transfer of property or title lacks legal validity or enforceability.

Good Faith

A sincere intention to be fair, open, and honest, regardless of the outcome of the engagement or agreement.