The Following Printout Is a Summary of Number of Bedrooms

question 111

Multiple Choice

The following printout is a summary of number of bedrooms in homes for sale in Regina: What can we determine from this printout?

• A) The mean number of bedrooms is less than both the median and modal number.
• B) The median number of bedrooms is the most representative as it is larger than the modal number and smaller than the mean number of bedrooms.
• C) The modal number of bedrooms is affected by a few houses that must have a large number of bedrooms.
• D) 75% of the houses have more than 3 bedrooms.

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Definitions:

Valid Acceptance

An expression of agreement to the terms of an offer in contract law that results in a binding contract between the parties.

Valid Offer

A proposal made by one party to another with specific terms, intending to form a legally binding agreement if accepted.

Lucy V. Zehmer

A landmark legal case focusing on the binding nature of a contract, stemming from the sale of a farm over a drunken conversation.

Assent

Assent is the agreement or approval by a party to the terms of a contract or an arrangement, often indicated through a signature or explicit agreement.