Exhibit 10-3 A Statistics Teacher Wants to See If There Is Any

question 63

Multiple Choice

Exhibit 10-3
A statistics teacher wants to see if there is any difference in the abilities of students enrolled in statistics today and those enrolled five years ago. A sample of final examination scores from students enrolled today and from students enrolled five years ago was taken. You are given the following information.
-Refer to Exhibit 10-3. The point estimate for the difference between the means of the two populations is

• A)58.5
• B)9
• C)-9
• D)-6

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Definitions:

Form a Contract

The process of creating a legally binding agreement between two or more parties.

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.

Bargained-For Exchange

A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.

Genuine Assent

The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.