Denton Agreed to Build a Cedar Deck for the Thrashers

question 17

True/False

Denton agreed to build a cedar deck for the Thrashers for $7,000.After he began the work,the Thrashers asked him to add cedar flower boxes at one side.Denton replied he would,but it would cost an additional $600.The Thrashers would not be obligated to pay the additional sum because the original agreement already obligated Denton to complete the deck for $7,000.

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Definitions:

Multiple Correlation R

Represents the strength and direction of a correlation between one dependent variable and two or more independent variables.

Significant

In statistics, significant means that an observed effect or relationship is unlikely to be due to chance, typically measured by a p-value.

Slope

A measure of the steepness, incline, or grade of a line, representing the rate of change in the y-variable for a one unit increase in the x-variable.

Regression Equation

An equation that describes the relationship between a dependent variable and one or more independent variables.