A chain of coffee shops has 45 stores in one metropolitan area. For liability reasons, the

chain is interested in the average temperature of hot drinks served at the stores.

Three
stores were chosen and the temperature of every fifth hot drink served at each of these
stores was recorded during a two-week period. At the end of the two-week period, the
temperatures of 10,571 hot drinks had been recorded.
a. Identify the process of interest.
b. Identify the variable of interest.
c. Describe the sample.
d. Describe the inference of interest.

a. serving of hot drinks at coffee shops in the chain
b. temperature of hot drinks served
c. 10,571 drinks whose temperatures recorded over the two-week period
d. average temperature of all hot drinks served at all stores in the chain

Business

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Corporations and persons applying for more than $25,000 in credit (except for buying a home) are not covered by the Truth-in-Lending Act of 1969

Indicate whether the statement is true or false

Business

Which of the following statements is true of the Convention on Contracts for the International Sale of Goods (CISG)?

A) Parties to a contract can choose to adhere to all or part of the CISG, or they may select other laws to govern their transactions. B) Traditional contracts on sale of goods are not covered by the CISG. C) The CISG is superseded by the Uniform Commercial Code (UCC) in most states. D) The CISG requires a written contract for a sale of goods of $500 or more.

Business