And Are Considered Biased Estimates for the Population Standard

question 4

Multiple Choice

and are considered biased estimates for the population standard deviation and variance because

• A)they come from sample data.
• B)N for the sample is less than N for the population.
• C)they are not randomly selected.
• D)they reflect the random variability of only N  1 scores.

---

Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Oral Contract

is an agreement between parties that is spoken and not written down, yet is legally binding, provided it can be proven to exist and meets legal requirements.

Written Memorandum

A document recording the terms of a contract or agreement, not necessarily formalized but intended as a binding outline of intent between parties.

Course of Performance

A term used in contract law referring to the conduct between parties that can help interpret the agreement's terms over time.