The purpose of the last four steps in the legal reasoning model is to discover the vital elements in the case and the reasoning behind the decision

If a cheese factory was interested in estimating the market potential for a new light cheese and estimated the potential by multiplying a base number (population) by several adjusting percentages

(e.g., personal discretionary income per capita, average percentage of discretionary income spent on food, etc.), it would be using the chain-ratio method to estimate market potential.

Standard deviation is the square root of the variance and is expressed in the same units as the data

Indicate whether the statement is true or false