Examlex
A statistics professor works tirelessly to catch students cheating on his exams.He has particular routes for his teaching assistants to patrol,an elevated chair to ensure an unobstructed view of all students,and even a video recording of the exam in case additional evidence needs to be collected.He estimates that he catches 95% of students who cheat in his class,but 1% of the time he accuses a student of cheating and he is actually incorrect.Consider the null hypothesis,"the student is not cheating." What is the probability of a Type I error?
Competing Clause
Often referred to as a non-compete clause, it is a contract provision that restricts one party's ability to enter into or start a similar profession or trade in competition against another party.
E-commerce Strategy
A plan that outlines how businesses will conduct their sales, marketing, and operations online to drive consumer engagement and sales.
Procedural Unconscionability
A legal principle that occurs when the terms of a contract or the manner in which it was negotiated are so unfair to one party that they are void of meaningful choice.
Substantive Unconscionability
A condition where a contract or a specific contract term is so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.
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