In the 1950s, George Miller Estimated the Number of Items

question 35

Multiple Choice

In the 1950s, George Miller estimated the number of items that could be stored in short-term memory to be the magic number __________.

• A) 5, plus or minus 4
• B) 7, plus or minus 2
• C) 9, plus or minus 3
• D) 11, plus or minus 1

Understand the objective standard of intent vs the subjective standard of intent in contract enforcement.

Comprehend how offers, invitations to offer, and bids work in the contract formation process.

Know the requirements for a valid offer including present intent, definiteness, and communication.

Recognize the impact of offeror's and offeree's actions (including death) on the offer’s validity.

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Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole; a ratio.

Inference

The process of drawing conclusions about a population based on data from a sample.

Statistical Inference

The process of using data analysis to deduce properties of an underlying probability distribution.

Estimate

An approximation or educated guess of a certain quantity based on available data.