Jane and Kelly Want Lucy to Replace Kelly as a Party

question 23

Multiple Choice

Jane and Kelly want Lucy to replace Kelly as a party to their con?tract.They can best accomplish this by

• A)a mutual agreement to rescind.
• B)an accord and satisfaction.
• C)a novation.
• D)an alteration of the contract.

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Definitions:

Level of Significance

The threshold used in statistical hypothesis testing to decide whether to reject the null hypothesis, typically denoted by alpha (α) and set prior to conducting a test.

Measure of Performance

A metric used to evaluate the effectiveness, efficiency, or quality of a procedure, process, or activity.

Standard Deviation

An indicator of the spread or variability among a collection of numbers, reflecting the degree to which these numbers deviate from their average.

Hypotheses Testing

A method of statistical inference used to decide whether there is enough evidence to reject a null hypothesis in favor of an alternative hypothesis.