During a cold winter, the temperature stayed below zero for 10 days (ranging from –20 to –5). The variance of the temperatures of the 10 day period _____
a. is negative since all the numbers are negative
b. must be at least zero
c. cannot be computed since all the numbers are negative
d. can be either negative or positive
b
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The accuracy of a sample may be expressed as a plus-or-minus percentage value
Indicate whether the statement is true or false
Damages that compensate the nonbreaching party for the loss of a bargain are known as consequential damages
Indicate whether the statement is true or false
Which of the following is not a key budgeting influence for a personal financial plan?
A) Change investments from risky stocks to more conservative stocks B) Improve near term net cash flow C) Reduce debt payments by 50% D) Improve long term net cash flow
In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was:
a. a binding contract had been formed, even though only one of the parties had signed the agreement b. a binding contract was never formed because the parties did not agree on some major terms needed for an agreement c. there was no binding contract because Certified failed to accept in the manner prescribed in the contract that was offered d. there was no binding contract because Precision failed to make the initial payment needed to bindCertified e. there was no binding contract because the document "shocked the conscience of the court"