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Exhibit 8-3
A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of speeds of all cars on this section of highway is normally distributed, with a standard deviation of 13.5 mph.
-Refer to Exhibit 8-3. If the sample size was 25 (other factors remain unchanged) , the interval for would
Unlicensed Agent
An individual acting in a role that requires licensure, such as real estate or insurance, without possessing the necessary legal authorization.
Professional Acts
Actions or conduct that are considered appropriate, ethical, and in accordance with the standards of a profession.
Realtor
A real estate professional who is a member of the National Association of Realtors and adheres to its code of ethics.
Agency Relationship
A fiduciary relationship where one party (the principal) grants another party (the agent) the authority to act on their behalf in transactions.
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