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Random samples of size 81 are taken from a process (an infinite population) whose mean and standard deviation are 200 and 18, respectively. The distribution of the population is unknown. The mean and the standard error of the distribution of sample means are _____.
Standard Form Contract
A contract with fixed terms prepared by a business.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Binding
Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.
Postbox Rule
A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.
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