Unicorn Medical Devices is developing a new technology. After initial development of the device, the company must test it. If the tests go well and the device is successful, it can be marketed immediately. If the tests do not go well, Unicorn will revise the original device and repeat the process. The outcome of the tests is on a(n) ________ node in a decision tree
A) decision node
B) information node
C) either node; it does not matter
D) This question cannot be answered without a graphical representation of the decision tree.
B
Business
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Can an offer to purchase with a "time is of the essence" clause be withdrawn by the offerer before the expiration date?
A. Yes, provided the offer has not been accepted and communicated. B. Yes, with the expressed consent of the offeree. C. No, offers with an expiration date cannot be withdrawn by the offerer. D. No, an offer with a "time is of the essence" clause cannot be withdrawn by the offerer.
Business
The probability of Type II error (?) is also called the level of significance
Indicate whether the statement is true or false
Business