Maria writes a letter offering to sell some office furniture to Lee. Lee, in a distant city, sends a telegram to Maria accepting the offer. Because of an error in the Western Union Office, the telegram never reaches Maria. What is the result?
A) There is no contract since Lee responds by telegram instead of by mail.
B) There is no contract since Maria never actually receives Lee's acceptance.
C) A contract is formed as soon as Lee gave the telegram to the Western Union office.
D) A contract is formed as soon as Maria writes the letter to Lee.
Answer: C
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If a retailer's average monthly sales are $253,000, what would its average monthly sales index equal?
a. .25 b. 100 c. 253 d. The answer cannot be determined from the information provided.
A study of college students stated that 25% of all college students have at least one tattoo. In a random sample of 80 college students, let x be the number of the students that have at least one tattoo. Find the approximate probability that more than 17 and less than 26 of the sampled students had at least one tattoo
A) 0.2422 B) 0.6644 C) 0.1800 D) 0.4222