Responses Such as "Yes,I See" and "Uh-Huh" Are Called

question 18

Multiple Choice

Responses such as "Yes,I see" and "Uh-huh" are called

• A) small talk.
• B) word barriers.
• C) indexing.
• D) backchannel talk.

Recognize the elements necessary for an effective offer.

Distinguish between offers and invitations to negotiate or bid.

Understand the conditions under which an offer can be revoked or rejected.

Clarify the role of acceptance in the formation of a contract, including how and when it may be expressed.

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Definitions:

Expected Value

A statistical concept representing the average outcome of a random variable over a large number of experiments or trials.

Binomial Probability Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent values under a given set of parameters or conditions.

Expected Number

A statistical term referring to the average value or mean of a random variable, calculated as the sum of all possible values each multiplied by its probability of occurrence.

Unbiased Coin

A term used to describe a fair coin in which each toss is equally likely to come up heads or tails.