Java Cafes, Inc

question 14

Multiple Choice

Java Cafes, Inc., and Kaffe Import Corporation dispute a term in their contract.
-Refer to Fact Pattern 3-1.If Java and Kaffe have a long-standing business relationship that they would like to continue,a preferred method of settling their dispute may be mediation because

• A)the case will be heard by a mini-jury.
• B)the dispute will eventually go to trial.
• C)the process is not adversarial.
• D)the resolution of the dispute will be decided an expert.

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Definitions:

Average Wage

The mean salary or earnings of a group of workers, calculated by dividing the total wages of the group by the number of workers.

Exponential Distribution

A probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Normal Distribution

A bell-shaped probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

T Distribution

A probability distribution that is used in statistics to estimate population parameters when the sample size is small and the population variance is unknown.